Detailed Analysis

ETH is currently in a short-term downtrend, with the price encountering resistance around 2800 and pulling back, forming a bearish engulfing pattern, indicating strong selling pressure. The RSI is in the neutral zone and not oversold yet, suggesting the downward momentum has not exhausted. There is buying support in the 2770-2750 area, but the rebound strength is insufficient. Volume increases during declines, indicating concentrated selling pressure, while volume decreases during rebounds, showing lack of bullish confidence. The short-term moving averages are in a bearish alignment, suppressing the price from rising. It is recommended to watch whether 2770 can form an effective support; if broken, the price may further decline to 2730.

Trading Strategy
Day Trading
Trading Direction
Bearish, Reason: Price is constrained by the 2800 resistance level, moving averages are in a bearish alignment, candlestick patterns are weak, and RSI shows no signs of oversold reversal.
Entry Strategy
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Suggested entry price: $2785 (Re-test below 2800 to confirm resistance)
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Entry timing: Short positions can be initiated lightly before breaking below 2770, or wait in the 2770-2780 range for a volume breakdown confirmation.
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Position allocation: Short-term suggested total capital of 15-25%
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Quick entry: Execute immediately when signals appear, without hesitation
Stop-Loss Strategy
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Stop-loss price: $2810 (Within 2.5% above the entry price, to prevent false breakouts)
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Stop-loss reason: If the price rebounds above 2810, it indicates the bearish momentum has failed, and the signal is invalid.
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Maximum loss per trade: No more than 2% of total capital
Take-Profit Strategy
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Target 1: $2750 (First support level), reduce position by 50%
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Target 2: $2720 (Secondary support), close remaining position for profit
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Quick profit-taking: Exit immediately upon reaching the target, avoiding chasing gains or panic selling
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Trailing stop: Move the stop-loss up to the cost basis by 5 points as the price rises to protect profits
Risk Warning
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Short-term trading requires close monitoring of the market, especially in the 2770-2800 range where oscillations can trigger stop-losses
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Avoid emotional over-leverage; do not exceed preset take-profit/stop-loss levels
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Pause trading after two consecutive losses, and reassess the market structure
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Pay attention to the impact of Fed policies, Ethereum network upgrades, and other sudden news on short-term volatility