Ethereum has been showing a catch-up rally rhythm in the past few days and is currently testing the resistance near the trendline.
Regarding the freshness of price levels, my strategy is: take decisive action the first time the level is reached; the second time, be more cautious; and if it's the third time with a right-side trade and a fakey pattern appears, then it's worth taking a big position.
Key current levels: The trendline resistance zone is between 3180 and 3250. If it breaks through, look toward the turning points at 3580 and 3660.
On the downside, initial support is at 2765, and below that is 2700.
It's recommended to use the trendline together with these key levels to judge the next move. If it does break down, there are two more daily-level defenses to watch at 2450 and 2250.
Just keep a close eye on these price levels to make decisions.
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DefiEngineerJack
· 22h ago
ngl, the third touch + fakey formation thesis is solid but you're missing the order flow context here. just saying the price levels without diving into what's actually happening under the hood feels... incomplete? technically speaking™, gotta verify those support holds with volume profile data first
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ForumMiningMaster
· 22h ago
Only dared to go all-in on the third fakey, nothing wrong with that mindset, definitely a cautious player.
Ethereum has been showing a catch-up rally rhythm in the past few days and is currently testing the resistance near the trendline.
Regarding the freshness of price levels, my strategy is: take decisive action the first time the level is reached; the second time, be more cautious; and if it's the third time with a right-side trade and a fakey pattern appears, then it's worth taking a big position.
Key current levels:
The trendline resistance zone is between 3180 and 3250.
If it breaks through, look toward the turning points at 3580 and 3660.
On the downside, initial support is at 2765, and below that is 2700.
It's recommended to use the trendline together with these key levels to judge the next move. If it does break down, there are two more daily-level defenses to watch at 2450 and 2250.
Just keep a close eye on these price levels to make decisions.