#ETH走势分析 took a few days off and came back. Today’s trade was pretty comfortable, managed to grab around a hundred points.

I originally wanted to analyze how to identify market turning points, but I didn’t keep a full record of my thoughts at the time. Oh well, let’s just talk about the current Ethereum chart.

From last night to this morning, ETH dropped as low as 2978—right at the takeoff point of the previous wave up. This horizontal line held as support, and a short-term bottom might be forming. Zooming in to the 15-minute chart, you can see it’s repeatedly consolidating between 3010 and 3040, a classic range-bound move. So my thinking is: go long around 3010, set the stop loss just below 2978—about 30 points risk.

Two possible directions from here: if it confirms the bottom and stabilizes, it’ll most likely test the previous high at 3240; if it breaks the support, then we’ll be looking at 2800 or even as low as 2600.

My approach is straightforward: $ETH go long in the 3010-2985 range, stop loss at 2970, initial target 3064. If it doesn’t break out, I’ll reverse and go short.

I’ll keep updating my trades in the Plaza these days. If you’re interested, feel free to follow along and check out my strategy.