Support and Resistance Levels
Upper Resistance (Very Critical)
Area Description
2850–2860 Strong resistance zone, multiple rejections of rebounds
2900 Psychological integer resistance
2950 Confirmation point for bullish trend reversal
If it does not break 2860, the high within the rebound is the main rhythm.
Lower Support (Potential Retracement Zone)
Area Description
2800 First support, breaking will lead to weakness
2740–2760 4H strong support zone
2620 Starting point of this round of rebound, breaking will lead to a new round of decline
Market Structure and Short-term Trends
Current overall structure of ETH is:
[Downtrend → Weak Rebound → Approaching Resistance → Decreasing Volume → End of Rebound]
Specific manifestations:
K-line with continuous small bodies
Long upper shadows
MACD Red bars declining
RSI unable to break through strong zone
Decreasing trading volume
The meaning of this combination in the market is only one:
The rebound has entered the end stage, and it will soon enter the retracement or second bottoming phase.
Only a strong breakthrough of 2860 could extend the rebound.
Operational Suggestions
Mainly short at high positions
Resistance Zone: 2850–2880
Meets three conditions:
Encounter resistance
Insufficient volume
MACD further contracts
Then can take a light short position:
Stop loss: Above 2910
TP1: 2810
TP2: 2760
TP3: 2660–2620 (if a second bottom occurs)
Support with long positions
If ETH retraces to:
2760–2800 zone and shows stabilization signals
Then can take a light long position:
Stop loss: 2735
TP: 2850–2880
Do not chase high
Bullish Reversal Conditions
All three of the following conditions must occur for a trend reversal:
8H MACD DIF crosses above DEA and quickly approaches the zero axis
4H RSI12/24 breaks 55–60
Price stabilizes above 2950
Currently, none of these conditions are met → Continue to treat as "end of rebound + high volatility."
Summary (in one sentence)
ETH is currently at the end zone of a technical rebound, with 2850–2860 as strong resistance, both volume and momentum are insufficient, short-term is weak, and it is likely to first retrace to 2810 / 2760 before deciding on the direction. Currently, it is more suitable for shorts, not for chasing longs.
