$ETH 📢 Non-farm payroll data has been released (Beijing Time 21:30)

Quick overview of key data:

- February seasonally adjusted non-farm employment: +275,000 (expected +60,000, previous +130,000)
- Unemployment rate: 4.4% (expected 4.3%, previous 4.3%)
- Average hourly earnings monthly rate: +0.1% (expected +0.3%, previous +0.5%)

 

🧐 Data interpretation

1. Employment exceeds expectations strongly: job gains far surpass expectations, indicating the resilience of the U.S. labor market remains, reinforcing the Fed's pause on rate cuts.
2. Unemployment rate slightly rises: unemployment rate slightly increases, and the growth rate of average hourly earnings slows down, indicating weaker job quality and easing inflation pressures.
3. Market sentiment leans toward “strong employment + weak wages”: short-term benefits for the dollar, suppressing risk assets; but weakening wages also limit the dollar's upward potential, creating a somewhat bearish but not extreme combination.

 

📈 ETH trading level update (15-minute timeframe)

Based on non-farm data and current market conditions, the strategy is adjusted as follows:

1. Core price levels update

- Strong support: 2030.0 (new low area after non-farm, previous 2036.0 has been tested)
- First resistance: 2055.0 (post-non-farm rebound high)
- Second resistance: 2062.0 (original key resistance level)
- Current price reference: around 2040

2. Long position plan (buy on dips)

Operation Entry point Position Stop loss Take profit
Buy on dips 2032 - 2035 20% 2028.0 (exit if below non-farm low) First target: 2048 (reduce position) Second target: 2055 (close all)

3. Short position plan (sell at resistance)

Operation Entry point Position Stop loss Take profit
Sell at resistance 2052 - 2055 20-30% 2060.0 First target: 2040 Second target: 2032

 

⚠️ Key reminders

After the non-farm data release, market volatility will increase. Short-term operations on the 15-minute timeframe should be more cautious:

- Prioritize order placement to avoid market slippage
- Keep position size at 20-30%, strictly avoid heavy positions
- If the price breaks above 2060 or drops below 2028, it indicates a clear trend direction.