Detailed Analysis

ETH is currently in an intraday uptrend, with the price consolidating between 2900-2960 before breaking through resistance, forming a bullish engulfing pattern. The RSI is around 58, not overbought, indicating room for further upward movement. The short-term support at 2900 remains effective, and the resistance at 2960 has been broken, with attention now on the 3000 level. Volume supports the upward trend, showing capital inflow, with no obvious price-volume divergence. Candlestick patterns indicate bullish dominance, suitable for short-term chasing of gains.

Trading Recommendations
Trading Strategy
Intraday Trading
Trade Direction
Bullish, Reason: Price has broken through key resistance, short-term moving averages are in a bullish alignment, and volume confirms the trend.
Entry Strategy
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Suggested Entry Price: $2962.00 (buy on pullback after breakout confirmation)
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Entry Timing: Buy after breaking 2960 and a successful pullback without falling below
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Position Allocation: 20% of total capital, to control risk
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Quick Entry: Execute immediately when signal appears to avoid hesitation
Stop-Loss Strategy
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Stop-Loss Price: $2900.00 (a break below support indicates trend invalidation)
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Stop-Loss Rationale: Retracement to previous support suggests short-term momentum weakening
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Maximum Loss per Trade: No more than 2% of total capital
Take-Profit Strategy
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Target 1: $3000.00 (first resistance), reduce position by 50%
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Target 2: $3040.00 (secondary resistance), close remaining position for profit
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Quick Take-Profit: Exit immediately upon reaching target, avoid holding positions too long
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Trailing Stop: As price rises, gradually move stop-loss up to cost price to protect profits
Risk Warning
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Short-term trading requires close monitoring of the market and prompt execution of orders
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Avoid greed; decisively exit upon reaching take-profit targets
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Strictly control individual trade losses; pause trading after consecutive losses
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Pay attention to market sentiment and sudden news to prevent false breakouts