#加密市场反弹 - **Short-Term Strategy**:

- **Bullish**: If the price stabilizes above 1,695 (EMA7), consider a small long position with a target of 1,706→1,750 (stop loss at 1,680).

- **Bearish**: If there is resistance around 1,706 during a rebound, consider shorting with a target of 1,650 (stop loss at 1,720).

- **Medium to Long-Term Strategy**:

- **Holders**: Reduce positions to mitigate risk, maintaining a core position to observe the effectiveness of EMA(7) support.

- **Observers**: Wait for the price to clearly break above 1,706 or fall below 1,695 before taking action.

- **Risk Warning**:

- **Volume Decline Risk**: A continuous decrease in trading volume may accelerate trend reversal.

- **EMA(99) Resistance**: Long-term moving averages exert downward pressure, limiting rebound potential.

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### Summary

ETH/USDT **Short-Term Pullback Testing Key Support**, technical indicators show a stalemate between bulls and bears. In terms of action:

- **Aggressive Traders**: Buy low and sell high within the range (1,695-1,706), with strict stop losses.

- **Conservative Traders**: Wait for the price to break above 1,706 or fall below 1,695 before following up, avoiding left-side trading.

- **Core Logic**: The market is at a directional decision point, and caution is advised against false breakouts and trend reversal risks.