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📅 July 3, 7:00 – July 9,
The price trend of Ethereum (ETH) is as expected by the market, and our shorting strategy at the $2600 position has successfully gained 130 points.
After breaking through the upward trend line, this trend line has now turned into a resistance level above. Based on the current bullish momentum, it will be relatively difficult to break through the previous high points in the short term. It is expected that ETH may first undergo a round of correction to accumulate more upward momentum, and then attempt to break through again.
Given the current market situation, it is advisable for investors to adopt a shorting strategy. When the price rebounds above $2540, consideration can be given to placing short orders. Potential downside target prices to watch are $2470, $2410, and $2330.
However, investors should keep in mind that the cryptocurrency market is highly volatile and carries significant risks. Before making any investment decisions, it is essential to conduct thorough research and risk assessment. At the same time, closely monitor market trends and important news events, as these factors may have a significant impact on the price of ETH.
In addition, long-term investors may see this potential decline as an opportunity to increase their holdings, but they also need to act cautiously and set reasonable stop-loss positions to control risk. Regardless of the strategy adopted, capital management and risk control should be the primary considerations.