Currently,
$ETH continues to fall after being blocked by a rebound in the early stage, with prices returning to the vicinity of the middle Bollinger Band. Overall, it is still in the oscillation repair stage after a decline. The short-term rebound momentum has significantly weakened, and the trend has shifted from upward probing to a high-level retreat. A new trend structure has not yet formed, and it remains more of an oscillation game within a range, requiring waiting for a valid breakthrough or breakdown confirmation in the key range.
BOLL: The upper band is located near 3043, the middle band is near 2978, and the lower band is near 2914. The Bollinger Bands are gradually flattening from being open, with prices retreating from the upper band to operate below the middle band, indicating a reduction in the momentum of the previous rebound, and the market has re-entered the oscillation repair rhythm. The upper middle band and upper band area form double resistance, while the lower band remains a phase defense support, treated overall with range oscillation.
MACD: Operating below the zero axis, the red bars continue to shorten and there are signs of turning green again. After the fast and slow lines form a dead cross at a high level, they diverge downward, indicating a significant decline in rebound momentum, with bears regaining the initiative. Short-term caution is still needed against the possibility of a pullback to lower support.
Long position strategy: Buy on pullbacks, focusing on the 2905 – 2880 area, with a target of 2990 – 3020 and a stop loss below 2855.
Short position strategy: Defend against rebounds, focusing on the 2975 – 3000 area, with a target of 2905 – 2880 and a stop loss above 3025.
Currently, ETH is still in the oscillation repair stage, with a weak short-term structure. In terms of operation, do not chase prices or bottom fish, execute around the upper and lower edges of the range, wait for long positions to stabilize on pullbacks before participating, and short positions should pay attention to defensive opportunities after rebounds are under pressure, patiently waiting for the market to provide the next directional choice.
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