3.6 Crypto Circle Mr. Coin: Ethereum (ETH)) Market Analysis Reference

Ethereum continued its intraday rebound in the early morning, breaking through resistance levels. Unfortunately, it did not break the 2200 level resistance zone. The price faced resistance again near 2200 after reaching a high during the day. Currently, the price is around 2065. This intraday pullback has brought the price back into the previous consolidation range. As long as the pullback does not break below the support levels of 2000 to 1950, it is expected that the market will continue to consolidate in the short term. Therefore, everyone should avoid blindly bearish views and be cautious of further upward pressure and rebounds.

The short-term trend is now in consolidation, so our strategy should be to sell high and buy low. Resistance above is around 2130, support below is between 2000 and 1950.

Short-term reference for 3.6 Ethereum:
Range 2130-2180, with a stop loss at 2380, target below 2090, and support between 2010-1960.
Stop loss: 50 points.
Target above 2030.

Note: There may be delays in sending messages. Strategy suggestions are for reference only. The market changes rapidly. No matter how confident you are in your market judgment, always set proper take profit and stop loss to secure gains.