#ETH Today's direct conclusion

1. KDJ is severely oversold: J value has dropped to 0, entering the extreme oversold zone, which is one of the strongest rebound signals on the 1-hour timeframe; the bearish momentum is short-term exhausted.
2. RSI is also oversold: RSI(6) has fallen to 25.37, approaching the oversold line at 20, indicating short-term selling pressure has been fully released.
3. Bollinger Band lower band provides strong support: The price just hit the lower band at 2100.77, which is a natural rebound trigger point; historically, each time it touches here, there is a rebound to varying degrees.
Rebound targets: First target 2115-2120 (Bollinger middle band + EMA5 resistance), second target 2125-2130, breaking 2130 is very difficult.
- Existing long positions: Move stop-loss down to 2090 (below the previous low of 2093), if the rebound reaches 2115-2120 but cannot go higher, decisively reduce positions or take profits on most, do not be greedy.
- Catching the rebound: You can lightly try long positions around 2100, with a stop-loss at 2090, target 2115-2120, quick in and out, do not hold for too long.
If it breaks below 2090 and cannot recover on the 30-minute chart, the rebound will fail, and it will further decline to the 2080-2070 range.