Can ETH Break Through Resistance Above?

27 Feb 2023

We started laying out long positions for Ethereum's midline over the weekend. After testing the 1560 support below, the market quickly rebounded above 1600. Currently, there has been a slight pullback at the 1650 resistance level. In the short term, the focus is on whether this resistance will be broken. If an effective breakthrough occurs, further upward space will open up.

In terms of strategy, for friends with small amounts of capital, I suggest taking profits and exiting near 1650 to secure profits. For friends who are following my long-term strategy, you can reduce your position near 1650 to capture profits above that level. However, since there is resistance at this level, there may be a situation where the market rises and then falls back down. Therefore, please adjust your position according to your own circumstances.

I will provide timely updates on the latest strategy. Steady progress is our goal. Thank you for your attention and support. If you have any questions, please leave me a message.