Ethereum ETH Long-Bias Strategy Today

Market Recap:
On the ETH daily timeframe, after a deep pullback in the early stage, price formed a base around 1740. Afterwards, it continued to range and rebound. Current price is around 2195. The Bollinger Bands are narrowing, showing a consolidating and ranging pattern. The middle band at 2112 forms strong support, and the lower band at 1952 is a key defense level. On the 4-hour timeframe, after the price surged to 2329, it pulled back. It is now retracing near the Bollinger middle band, which is a typical upward continuation pullback. A long-entry window has already appeared.

Today’s Trading Plan: Long on dips as the primary approach, short on the side as a supplement

- Entry Range: Build long positions in batches between 2150-2180. On the first retracement, you may try a small position. Add to your position on further pullbacks
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- Take-Profit Targets: First target 2250-2280, second target 2320-2350. If it breaks out, hold to see the previous high
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- Stop-Loss Defense: Set a unified stop-loss at 2120 (if it breaks below the daily middle band, the trend weakens and you exit)
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- Risk Warning: If the price directly spikes higher without retracing, do not chase longs—wait for a retracement before setting up. For spot holders, you can rely on 1950 support to accumulate in batches and hold for swing trading.