Ethereum $ETH breaks through the $3400 mark and continues to rise. Yesterday, Ethereum, like Bitcoin (BTC), saw a significant price increase to near $3400. Currently, the price is consolidating, and finding a new pattern is crucial. For today's trading, I am considering three possible scenarios. The first scenario is that the price gains liquidity below the low around $3270. If this happens, I will go long, taking advantage of the breakout in the M15/H1 market structure. When the price tests the weekly high near $3400, if the H4 price stabilizes, I will look for long opportunities; if the H4 price fails to stabilize, I will look for short opportunities. Shorting is limited to low-risk short-term trades, with the goal of gaining liquidity (counter-trend trading). If the H4 price breaks through the high near $3450, I will look for continued long opportunities. Go long when the price retraces near $3600. Let's see if there are trading opportunities today.

ETHUSDT

Perp

2,344.35

+3.40%