ETH

The current price is near 1,930. This round of rebound started from the low at 1,503. In the short term, it has managed to hold above the short-term moving averages, but trading volume shows a clear divergence. The rise is mostly driven by short positions covering. Spot incremental inflows are insufficient, so this rebound is a result of an oversold repair and has not yet reversed the larger bearish downtrend.

On the daily chart: it has held above the short-term 15/30-day moving averages. The MACD golden cross continues with red histogram bars, but the RSI is approaching the overbought range. Upward momentum is gradually weakening, indicating a choppy rebound rather than a one-way move with no clear signal. On the 4-hour chart: the moving averages are aligned bullishly and price is running along the upper Bollinger Band, but there are early signs of a top divergence in the indicators. A short-term pullback and correction could happen at any time.

Long on dip: pull back to 1,900–1,980 to stabilize, then go long in batches; stop loss below 1,875; targets 1,945–1,990
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Short: the rebound at 1,945–1,967 faces resistance, stalls, and rises slowly—enter a light short position; stop loss above 1,982; targets 1,908–1,860