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The rebound opportunity and key watershed game strategy after Ethereum oversold.
The core logic and the inevitability of the rebound.
• Correction demand after oversold: having fallen significantly, there is rebound momentum—if it holds above $3366 on the 4-hour chart, the short-term rebound probability is high; reclaiming $3458 on the hourly chart is key, if it stabilizes there, we can expect to see $3524, which is an important watershed; if it goes above, the upward trend may continue, otherwise, it will continue to fluctuate.
• The boundaries of interval game: The pressure ladder is clear at the upper range of $3478-3518-3560, and the support is clear at the lower range of $3399-3369-3310. Breaking above/below the boundaries will guide the short-term direction.
Key level trading strategy
• Long conditions:
1. Volume breakthrough at 3450 USD → right-side long, target 3478 → 3518 USD, recover stop loss;
2. Pull back to confirm support at $3369 → Light position to try long, stop loss if it breaks $3339;
3. Stabilize at 3478 USD → increase long positions, targeting 3560 USD, need a breakthrough at the 3524 USD watershed for confirmation;
4. Long position at $3308 on the left side, stop loss at $3264 if it falls below (buy on deep fall, need a stop loss signal).
• Short Selling Conditions:
1. The volume falls below $3433 → short on the right side, target $3399 → $3369, rebound cannot recover stop loss;
2. Short with a light position at $3518, stop loss at $3560 if broken (short at resistance level, needs confirmation of weak rebound);
3. 4-hour level falls below $3366 → increase short position, looking down to $3271, continue the falling trend after support breaks.
The sustainability of the watershed and rebound
• The significance of $3524:
◦ It is both an important position in the early stage and a key threshold for the current rebound. If it goes up, it will break the stagnation and look towards higher pressure; if it doesn't go up, the rebound will be limited, returning to range-bound fluctuations.
• Rebound operation rhythm:
◦ An oversold rebound requires volume support, stabilizing at 3458 USD is fundamental, avoid chasing highs too early, wait for key levels to be confirmed before increasing positions.
Summary: Ethereum's short-term focus is on the oversold rebound and watershed breakthrough. The core operation: long positions rely on breaking through 3450 USD to follow up, short positions closely watch for a break below 3433 USD. 3524 USD is the touchstone for the rebound's quality; do not blindly chase highs or sell lows.