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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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7.16 Morning ETH Strategy
The support level of 2900 that was mentioned yesterday hasn't been reached, and it seems this position is indeed quite stable. During the day, I operated back and forth between the highs and lows; although the points were a bit off, the overall rhythm hasn't been disrupted.
ETH rose from around 2930 to 3098, just a little short of 3100, and is now hovering around 3070. The bulls are looking increasingly strong. However, it's still better to be steady in the morning; high sell and low buy are more reliable.
You can short if it rebounds to the 3130-3160 range, set a stop loss of 30 points, first target 3000, and if it breaks below that, then look down to 2900.
Try to buy lightly around 3010-3040, set a stop loss of 30 points, and initially target 3100-3150.
Don't chase the ups and downs, just focus on operating within these two ranges, and control your position well #ETH# .