8.1 Morning Ether $ETH Trend Analysis & Thoughts



📉 Current dire situation
ETH plummeted to 3,709 USDT (-3.48%), with a 24-hour low of 3,616, completely breaking down!

📍 Key Location
Support level: 3,616 (today's low) → If it breaks, look at 3,500
Resistance level: 3,724 (MA10) → 3,776 (MA20 strong resistance)

💡 Operation Idea:
✅ If there is a rebound:
Reduce positions to 3,720-3,776 / close long positions, don't fantasize about a V-shaped reversal.
✅ If it continues to fall:
Break below 3,616 stop loss all longs
Consider bottom-fishing when a stop-loss signal appears near 3,500.
The ETH trend is weaker than BTC, it's better to miss out than to rush in to buy the dip.

⚠️Follow Shan Ge for first-hand strategies.
#美联储维持利率不变#
ETH-1.31%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)