Family! Good afternoon! Is anyone else staring at the ETH market while eating like me? This thing has completely entered the 'slacking off mode' recently, bouncing around without going anywhere, oscillating back and forth in the 2980-2990 range, just like you when your boss is watching you slack off at work—wanting to move but not daring to, focusing on 'surviving and developing'. Let's set the conclusion first, don't be fooled by the small rebound these past two days; this is not a signal that the trend is about to reverse, it's purely a 'halftime break' after the rebound. The core of the upcoming operations can be summed up in two words: don't be reckless!
Let's get straight to the hard facts, we’ll break down the market structure, even beginners who don't understand can keep up with the rhythm:
First, look at the Bollinger Bands (BOLL) as the "market guardrails": the upper band is firmly capped around 2992, the middle band at 2980 has become the current "line of life and death," and the lower band is propping up around 2770. The price is currently repeatedly rubbing against the middle band, with several attempts to break through the upper band’s "guardrail" being pushed back, and the pressure from the upper band is visibly strong. The key point is that while the middle band has slightly tilted upwards, it has not formed an upward divergence trend—this means that the current market is in a "consolidation after a rebound," with no room for upward movement; don’t expect to make a quick profit.
Now, look at the MACD as the "momentum detector": the previous green bars have finally completely disappeared, and red bars have emerged, which is initially a small positive signal, but the problem is that the momentum of these red bars has started to shrink, like a "boy who hasn’t eaten enough" and lacks energy. Although the DIF and DEA have formed a golden cross, the angle of this golden cross is limp and has no strength. In simple terms, we are currently in a "momentum decay period" after a rebound, with both bulls and bears gathering strength, and neither side dares to make the first move.
After discussing the market, let’s get straight to the practical strategies, which is what you care about most! Remember, the current market is not suitable for chasing highs and lows; focus on "buying low and selling high within a range." Here are the specific price points clearly marked for you:
[Bullish strategy: wait for a pullback to buy, don’t rush to act]
Entry position: Wait for a pullback to the 2950-2935 range before considering entry; don’t rush into the current high position, otherwise, it’s easy to get stuck halfway.
Target position: First target is at the 3000 round number; if it can stabilize, then look at 3040; if it reaches the target but lacks the strength to push higher, take profits and leave, don’t be greedy.
Stop-loss position: Must be set below 2915! Here’s the key point: if it effectively breaks below 2920, it means the short-term bullish structure has collapsed, and long positions should quickly exit, don’t hold onto fantasies.
[Bearish strategy: defend against rebounds, short when resistance is seen]
Entry position: Wait for a pullback to the 3015-3035 range and clearly see signs of resistance (such as high spikes followed by retreats or shrinking trading volume) before acting; this is a typical "defensive short position."
Target position: First target is 2980; if broken, look at 2930; in extreme cases, it could touch 2880; similarly, reduce positions at target levels, don’t fall in love with the trade.
Stop-loss position: Must stop loss above 3055! If the price effectively stabilizes above 3050, it indicates that the bearish approach is completely wrong; quickly stop loss and exit the market to readjust strategy.
Finally, let me summarize for everyone to clarify your thoughts: the current ETH is a combination of "oscillation above the middle band of the Bollinger Bands + MACD momentum decay after a rebound," with the movement tightly framed within a range, unable to go up or break down. In such a market, the most taboo actions are "chasing highs and lows" and "blindly betting on breakthroughs." It’s enough to honestly follow the rhythm of the range, using a combination of shorting at high points and buying on pullbacks.
By the way, the market has been greatly affected by external factors such as non-farm payroll data recently, and volatility may suddenly increase. Everyone must control their positions well and not put all their eggs in one basket. If you find today’s analysis useful, don’t forget to like and follow. In the afternoon, I will keep monitoring the market, and if there are any sudden situations, I will notify everyone in the comments immediately! Do you currently hold long or short positions in ETH? Or at which price point are you waiting to enter the market? Follow me @链上标哥 so you don’t get lost!
