Evening ETH trading strategy: The 3800 level is a key support, and the current price highlights the buy the dip cost-effectiveness.
The current ETH price is entering a sideways consolidation phase near 3820, while the key support level on the daily chart clearly points to the 3800 line. Previously, after the price dipped to a low of 3765, it quickly rebounded, which directly confirms that there is a significant amount of buy the dip funds actively supporting the market in this range, and the short-term downward momentum has clearly weakened.
From the intraday pattern perspective, the 3800 level can be seen as an absolute bottom. Laying out a buy the dip strategy within this range has a very high risk-reward ratio. Combining this with future market predictions, it is expected that there will be an initial surge after the US stock market opens, followed by a high probability of entering a downward phase. Therefore, the current point is the best window period for entering with a buy the dip strategy. #ETH #以太坊
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.
Evening ETH trading strategy: The 3800 level is a key support, and the current price highlights the buy the dip cost-effectiveness.
The current ETH price is entering a sideways consolidation phase near 3820, while the key support level on the daily chart clearly points to the 3800 line. Previously, after the price dipped to a low of 3765, it quickly rebounded, which directly confirms that there is a significant amount of buy the dip funds actively supporting the market in this range, and the short-term downward momentum has clearly weakened.
From the intraday pattern perspective, the 3800 level can be seen as an absolute bottom. Laying out a buy the dip strategy within this range has a very high risk-reward ratio. Combining this with future market predictions, it is expected that there will be an initial surge after the US stock market opens, followed by a high probability of entering a downward phase. Therefore, the current point is the best window period for entering with a buy the dip strategy. #ETH #以太坊