ETH successfully broke above $2100, which is an important psychological and technical resistance level. A 5% intraday increase combined with a high trading volume of $33.87 billion indicates market recognition of the breakout and strong buying pressure.
Trading Strategy Bullish Strategy (Recommended allocation: 60%) Entry Timing: Consider gradually building positions if the current price retraces to the $2,080-2,100 range. Stop-loss: $2,050 (below the 5-day moving average support) Target Levels: First target $2,200, second target $2,300 Reasons: • Usually experience inertia-driven upward movement after breaking key resistance • High trading volume confirms breakout validity • 5% increase shows sustained buying strength Bearish Hedge Applicable Situation: If the price rapidly rises above $2,250 Strategy: Light hedging to prevent technical pullback. $ETH
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ETH successfully broke above $2100, which is an important psychological and technical resistance level. A 5% intraday increase combined with a high trading volume of $33.87 billion indicates market recognition of the breakout and strong buying pressure.
Trading Strategy
Bullish Strategy (Recommended allocation: 60%)
Entry Timing: Consider gradually building positions if the current price retraces to the $2,080-2,100 range. Stop-loss: $2,050 (below the 5-day moving average support)
Target Levels: First target $2,200, second target $2,300
Reasons:
• Usually experience inertia-driven upward movement after breaking key resistance
• High trading volume confirms breakout validity
• 5% increase shows sustained buying strength
Bearish Hedge
Applicable Situation: If the price rapidly rises above $2,250
Strategy:
Light hedging to prevent technical pullback. $ETH