Ethereum is stuck in a death sideways trend, will 1770 become the breakout point? Retail investors, don't act impulsively!

Ethereum is currently holding on to 1830, but the underlying market is extremely repressed. After a sudden drop to 1780 at three in the morning, it quickly rebounded. Is this a washout or a trap? Before reaching 1770, a pullback was initiated, clearly a “boiling frog” type of torture.

Market Analysis:

The daily K-line fluctuated only 50 points, a typical sideways trap, EMAs are narrowing, the upper Bollinger Band has been pushed to 1940, with middle support at 1740, and it may continue to converge in the short term.

MACD shows a divergence in volume, indicating a high risk of short-term fluctuations, the value of retail participation is low, and staying on the sidelines is the safest strategy.

The four-hour chart reveals clues:

Support at 1780 is effective, and it has returned above EMA60 in the short term, with 1800 becoming a key defensive line.

MACD continues to show shrinking volume, and the Bollinger Bands are tightening, with an upper and lower compression range of 1800–1850, leaving little operational space and a high risk of traps.

Operating Suggestions:

Downward speculation: Lightly test long positions at 1760–1780, set a stop loss at 1740, target 1800–1840, if broken, watch for 1870.

Upward short test: Lightly short at 1830–1850, set a stop loss at 1870, target a pullback to 1800–1790, in extreme cases watch for 1760.

Conclusion:

The market is “stewing,” it’s either before an explosion or a collapse. The current fluctuation range is extremely narrow, making it unsuitable for heavy fighting; small stop losses and small tests are the way to survival. Wait for clear direction before striking hard. Are you ready?