ETH Strategy Analysis: Can the Rebound Continue? Watch This Key Level

Daily Decline: -1.29%

Net Inflow: -418 million (Capital Outflow)

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🔍 Technical Analysis Highlights:

1. Bollinger Bands Still Trending Downward, Rebound Nearing Middle Rail Resistance:

Bollinger Band Middle Rail: 2531.22

Upper Rail Resistance: 2581.24

Lower Rail Support: 2481.20

Currently, ETH has just broken through the middle rail and is starting to attempt a slight rebound, but overall it is still in the downward channel middle rail area. Whether it can stand firm afterward is crucial.

2. Stage Rebound but Insufficient Volume, Belongs to Tentative Pull-up:

The trend presents a "low-level fluctuating bottoming" pattern, but without obvious volume increase, it does not have a strong signal of short-term trend reversal;

The 2545~2580 range is a short-term short-selling counterattack area. If the breakout is weak, it may fall back below 2500.

3. News Impact:

Some believe that ETH spot ETF-related data performs better than BTC, which is a medium-to-long-term positive for the market;

However, it has not yet been converted into strong buying, and it is a preheating of sentiment.

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Long:

Entry Position: 2505 ~ 2530 (You can try to buy low if you step back on the middle rail and do not break it)

Target Position: 2580 ~ 2600

Short Idea:

Entry Position: 2580 ~ 2600 (Close to the upper rail + previous high pressure)

Target Position: 2520 ~ 2500

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Summary:

ETH is currently in the early stage of "fluctuating bottoming + sentiment recovery". Although there is a short-term rebound, the pressure above should not be underestimated. In terms of operation, it is recommended to sell high and buy low. If there is no volume breakout, it is not recommended to chase the rise. You can wait for the structure to become clear before choosing an opportunity to add positions.