12.6

The recent K-line structure of ETH, after touching the bottom at 2978, has shown a low-level sideways oscillation pattern with small bearish and bullish candles, without significant bullish breakthroughs, indicating that the strength of the bullish counterattack is very weak. This is a weak consolidation after a decline, rather than a trend reversal; the current price at 3037 shows a decline of 4.16%. The price is below the middle track of the Bollinger Bands, with the upper track trending down and the lower track flattening. The short-term bearish trend dominates, only showing a weak stabilization state after overselling.

The KDJ indicator's J-line is approaching the overbought zone, the K/D lines have a golden cross upwards, but the J-line is about to turn, indicating that the short-term rebound momentum is nearing exhaustion, with a risk of pullback. The MACD histogram is negative and close to the zero axis, with the DIF and DEA nearly glued together, showing that the long and short forces are temporarily in a stalemate. The bearish trend has not fundamentally reversed, and the rebound lacks sustained support.

The short-term 1-hour cycle shows characteristics of oversold weak rebound + bearish dominance, with the rebound significantly suppressed by the middle track of the Bollinger Bands. The KDJ is about to enter the overbought zone, also indicating limited rebound space. If it cannot effectively break through the pressure level, it is highly likely to return to the downtrend. In the short term, it is recommended to pull back to the vicinity of 3010--2970, allowing for light position accumulation, with targets looking towards 3055--3080.

Personal advice, for reference only, specific discussions can be made privately in the chat room.