Sister Mei's ETH Market Analysis
Current ETH price is operating in the range of 2820–2850, overall still in a weak rebound and consolidation phase after a decline.
From a structural perspective, the price continues to operate below the middle line of BOLL, repeatedly pressured by moving averages and the middle line area, with insufficient volume support. The trend remains weak and does not have the conditions for a trend reversal; in the short term, the focus remains on range trading.
BOLL: Upper band is around 2986, middle band is around 2879, lower band is around 2770.
The current price is operating near the upper side of the lower band, the middle band is clearly moving downward and forming resistance, while the upper band is also moving down, indicating that the overall trend is still weakening; the lower band is gradually flattening, which means that the downward momentum has been released, but it is more about oversold repair rather than a reversal initiation.
MACD: The green bars have started to shorten again after expanding, and the fast and slow lines are still operating below the zero axis, and have not formed an effective golden cross, showing that the bearish trend continues. However, there is a technical repair demand in the short term; the rebound space needs to be viewed cautiously.
Long Position Strategy (Buying on Dips)
Entry Position: 2775 – 2745
Target Position: 2860 – 2920
Stop Loss Position: Below 2720
BOLL lower band + previous low support area, betting on weak rebounds for repair, not looking for strong trends.
Short Position Strategy (Defending Against Rebounds)
Entry Position: 2940 – 2960 (Rebound Under Pressure)
Target Position: 2850 – 2780
Stop Loss Position: Above 3000
If it effectively stabilizes above 2990, the short position strategy becomes invalid.
Middle band + moving average resonance suppression, rebounds without volume still mainly defend against bears.
ETH currently still belongs to BOLL lower band repair + MACD bearish structure continuation market, treating it overall with a range oscillation approach, not chasing highs, not blindly looking for reversals, patiently waiting for key positions to signal before taking action.
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