$ETH The current ETH price is running in the range of 3000–3035, overall in a weak oscillation repair after a decline + testing the upper track in an upward phase.
From a structural perspective, the K-line slightly broke through the BOLL middle track and initiated a test towards the upper track, but the volume is weak, and there is significant pressure on the upper track, which has not formed a trend reversal confirmation; both bulls and bears are still in a range game.
BOLL: The upper track is near 3037, the middle track is near 2995, and the lower track is near 2953.
The current price is oscillating close to the lower side of the upper track, with the middle track slightly rising but with a small slope, indicating that the overall situation is still a oscillation repair market; the upper track pressure is significant, and if it cannot break through with volume, it is likely to fall back to the middle track area to re-confirm support; the lower track continues to flatten, indicating that the previous downward momentum has weakened, but the reversal momentum has not yet appeared.
MACD: The bars have turned from green to red and continue to shrink, and although the fast and slow lines are opening upwards, they are still weak, and the bullish strength is insufficient. It has not yet broken through the zero axis, and the bullish trend is not confirmed; it is currently in a pullback repair structure, and the rebound space requires a cautious attitude.
ETH is still in a oscillation market of testing the BOLL upper track + MACD bearish structure not reversing. Overall, it should be treated with a range mindset, do not chase the rise, do not look for a strong trend, wait for key points to reach before acting, and maintain the rhythm.
Entry position: 2945 – 2930
Target position: 3030 – 3080
Stop loss position: below 2910
Middle track support + pullback confirmation point, playing for a weak pullback, still belongs to the oscillation pullback order, not looking for a continuous rise.
