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ETH is facing an interesting technical turning point at its current position. From the candlestick chart, the 136 level is not arbitrarily chosen; there is a clear support line below (let's call it the "lifeline"), which is why this position is being closely watched.
The trading logic is as follows: when the price first breaks below this zone, it usually signals the opportunity to establish the first layer of positions. Interestingly, it often does not drop straight away but instead triggers a rebound upward, giving traders ample room to maneuver. Subsequently, a second dip may occur, which is the time to add a second layer of positions.
If the price approaches that lifeline again, it’s time to be alert for a short + rebound combination opportunity—that is, the traditional "fuel-up" rally pattern. The entire logic is quite clear: support → rebound → further decline → rise again, in a cyclical pattern.
The beauty of this framework lies in its simplicity—no need for complex indicators. As long as you understand the repeated confirmation of support levels and the rhythm of bullish and bearish shifts, you can grasp the trading opportunities for ETH at this stage. The key is to patiently wait for signals rather than blindly chasing highs or selling lows.