ETH 15-minute chart just issued a key signal!

The Bollinger Bands are widening, and the price just experienced a sharp drop followed by a quick recovery, indicating strong buying support below, as the bears failed to break through.

The middle band support is effective, having tested the middle band twice without breaking it, and is currently rebounding again, with the potential to test the upper band.

In terms of volume, there was a spike down but it did not continue, and the subsequent rise in red bars compared to volume indicates that there are major players supporting the bottom.

Can it firmly hold the core range of 2630-2650?

If it holds, it may directly surge above the high point of 2690.

However, be cautious; if it falls again and breaks the middle band, we need to guard against a drop towards the lower support around 2550.

Continue to hold long positions and set appropriate take profit and stop loss levels.

Do not chase after the highs before breaking 2690; wait for it to stabilize before buying more.

Short positions should be mindful of covering; do not blindly go against the trend.

The rhythm is set, and profits can be made, so do not act rashly!