Currently at the ETH2837 level, after experiencing a strong rebound yesterday, ETH saw a significant dumping during today's afternoon session, dropping from 3050 all the way down to around 2800, with a decline of over 5%. The price has stabilized slightly, but is still operating within a downward channel, entering an oversold consolidation phase in the short-term, with a clear cooling of bullish and bearish sentiment. Market rhythm: big dump release → bottom oscillation → rebound repair.

BOLL: The upper band is at 3115, the middle band is at 2957, and the lower band is at 2814; the Bollinger Bands are rapidly widening, with the price running close to the lower band, where a temporary support zone has formed near the lower band (2770–2800). The K-line shows a small bullish candlestick with reduced volume, indicating weakening bearish momentum. If it can stabilize above 2820, a rebound recovery is expected; if it falls below 2770, the downward trend will continue. Conclusion: Short-term decline near the lower band shows signs of stopping, but the trend remains bearish.
MACD: DIF: -50.65 DEA: -37.96 Histogram: Red turning green, green bars continue to expand. After the MACD death cross, the bearish volume continues to increase, and the growth rate of the green bars is slowing down, indicating that the bearish energy release is nearing its end, and the market may experience a technical rebound. If the subsequent green bars shorten, it will be a signal to start the rebound. Conclusion: The bearish trend is strong, but there are signs of momentum waning.

long position
Entry points: 2780– 2805
Target range: 2860–2900
Stop-loss position: If it falls below the 2765 level, consider exiting directly.

short position
Entry point: 2880 – 2910 Rebound meets resistance
Target range: 2830-2790
Stop-loss position: If the volume breaks through 2930, consider stopping loss and exiting.

After a short-term big dump, ETH has entered a recovery phase.
The rebound space is limited, the main idea is to maintain "rebound shorts as the main focus, short-terms as a supplement."
Key range: 2790–2910, quick in and out is advisable. #ETH