Main focus $ETH | Strategy is long, act first, don't hesitate
$ETH long, place buy orders near $2,745 on pullbacks, stop loss at $2,650, target first looks at previous high of $2,807, if broken then aim for $2,870, 10x leverage. From 2446 to 2770 in one week, if it pulls back to 2750, what are you hesitating for? Funding rate is only 0.007%, not overheated, smart money is still flowing in, "If the sound system is fine, you guys sing" — this market is so stable even the market makers have to sing a cappella.
Can this $ETH meat still be eaten?
Seven daily candles tell a story: On 9/17 it was still lying dead at 2446, on 9/18 a big bullish candle pushed to 2611, on 9/19 it surged to 2669, on 9/20 it pulled back to 2562 but didn't break, on 9/21 it directly surged with volume to 2806 — up 360 points in five days, +13%. On 9/22 it retraced to 2752 with a small bearish candle, on 9/23 it touched back to 2770, a typical strong pullback.
Structurally, the swing high of 2669 on 9/19 has been stepped on and turned into support, the low of 2562 on 9/20 is the secondary bottom line. As long as 2669 is not broken, this relaxed uptrend will continue — "It's not easy to live in Chang'an," but living in $ETH is quite easy.
Looking at the lines, 2806 is the nearby previous high resistance, once volume breaks through, the upper area is basically empty, first target 2870; pullback support is around 2669,
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more