[Afternoon ETH market analysis and trading strategy]
After reaching a high last night, ETH has continued to fluctuate in a sideways pattern, and during the afternoon period, the price has retraced to near the starting point of the rise since yesterday. The recent trend has been clearly driven by BTC, with overall market sentiment being weak and lacking independent momentum.
The current key support level is at 4280, which can be regarded as a watershed for bulls and bears intraday. If the price stabilizes above 4280, consider taking a light long position, targeting around 4420; if it breaks below this support, be cautious of further downside risks.
It is recommended to be cautious in operations, strictly control risks, and avoid blindly chasing highs and cutting losses. #比特币市场动态#
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[Afternoon ETH market analysis and trading strategy]
After reaching a high last night, ETH has continued to fluctuate in a sideways pattern, and during the afternoon period, the price has retraced to near the starting point of the rise since yesterday. The recent trend has been clearly driven by BTC, with overall market sentiment being weak and lacking independent momentum.
The current key support level is at 4280, which can be regarded as a watershed for bulls and bears intraday. If the price stabilizes above 4280, consider taking a light long position, targeting around 4420; if it breaks below this support, be cautious of further downside risks.
It is recommended to be cautious in operations, strictly control risks, and avoid blindly chasing highs and cutting losses. #比特币市场动态#