Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Ethereum has been feeling lukewarm these days, oscillating back and forth with low volume. This kind of market is the most frustrating and tests your patience the most. Short-term traders should honestly trade within the range and not expect a quick one-wave move.
**Key resistance levels**: Looking upward, 3370-3390 is the most stubborn intraday resistance. Only above that is 3435 and 3500. Downward, the 3280-3300 range must be firmly defended. If it breaks below 3265, it's a signal; 3170 provides a distant support.
**Specific actions**: If bullish, wait for 3280-3300 to stabilize before gradually adding small positions, don’t go all in at once. Set a stop loss firmly below 3265; if it breaks, exit decisively. The initial target is 3360-3380. Only chase 3435 if volume breaks through resistance; without volume, avoid chasing highs.
Going short is also an option—wait for stagnation around 3370-3390, and if a long upper shadow appears, enter cautiously. Set stop loss above 3405, with initial targets at 3290, then 3265 if broken. But remember, this is short-term trading, not trend reversal. Don’t switch to a bearish stance unless key support is broken.
**Risk control is crucial**: Never risk more than 2% of your capital on a single trade. Never exceed 30% position size. Small positions for swings are the key; full positions will eventually lead to losses. Taking profits gradually in oscillating markets is the right approach. Greed is the biggest killer in trading.