Yesterday's analysis suggested going long near 2490 to 2480, with a target of 2530. However, the market was too sluggish. When the market rises to around 2515 to 2520, we flipped our long position to short, with targets of 2490-2470 already achieved.

Looking at today's analysis, Ethereum is currently still in a high-level consolidation phase. Until there is a breakout upward or downward, it will continue to oscillate around the range of 2570-2400. The daily chart has shown a large bullish structure breaking out of the previous range. Three large bullish candles have broken through the previous range, indicating that the medium to long-term bullish trend is underway. The short-term resistance is at 2520, which is also a densely traded area after this small rally. Multiple attempts to stabilize at this level have been unsuccessful. Once the market breaks out with volume, a new round of bullish momentum will continue.

It is recommended to go long around 2460-2445, with a target of 2490-2515 (Telegram ID: qiao0203)

The cryptocurrency has quickly surged from a low level, with a significant increase. It is currently in a repair phase after a rise, not completely turning bearish. However, in the short term, the market has oscillated multiple times around 79500 to 80000, creating a strong effective resistance. By connecting the lower points of the oscillation range with a line, we can see 78000, which happens to be near this trendline. This is the structure for the short-term continuation of the bullish trend. Of course, from the daily chart, we can see that the high points of the price are continually decreasing while the lows are rising, indicating that a change is imminent. Everyone should find good entry points and set proper stop-losses when placing trades.

It is recommended to go long around 78000 to 77500, with a target of 79000 to 79800 (Telegram ID: qiao0203)

The market changes rapidly, and strategies are for reference only. They do not constitute investment advice. The cryptocurrency sector carries high risks, and trading should be done cautiously.

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