How does ETH look recently? A while ago, the 1-hour chart already showed two consecutive bullish candles. Currently, it has retraced to the 3163 area, which is actually a good entry point.
My idea is to consider a long position within the 3170-3140 range. If the price continues to decline later, I can still add to the position and steadily build a long. Looking upward, the target is around 3240.
This strategy is centered around a bullish position at low levels, sticking to the rhythm of low buy-ins.
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CryptoNomics
· 10h ago
actually, if you ran a proper correlation matrix against onchain metrics, you'd realize this support level is basically noise. the real question is whether ETH's token velocity even justifies your entry thesis here.
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LoneValidator
· 10h ago
The low leverage strategy is reliable; around 3140, you can really go all-in.
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GasFeeSurvivor
· 10h ago
Low positions are stacked up. This wave from 3140 to 3170 is the entry point, but it depends on whether it continues to decline afterward. Only then can it be considered a true bottoming out.
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SmartContractDiver
· 10h ago
I've already set up an ambush on that 3140 level, just waiting for it to drop again. When that happens, I'll go all in directly.
How does ETH look recently? A while ago, the 1-hour chart already showed two consecutive bullish candles. Currently, it has retraced to the 3163 area, which is actually a good entry point.
My idea is to consider a long position within the 3170-3140 range. If the price continues to decline later, I can still add to the position and steadily build a long. Looking upward, the target is around 3240.
This strategy is centered around a bullish position at low levels, sticking to the rhythm of low buy-ins.