📈【ETH Trend Analysis | Weak Recovery, Testing Key Resistance on Rebound】

Up by about +0.64% today, the market is slowly recovering from the previous sharp decline, with the short-term rhythm still in the rebound phase.

4-hour Chart

After forming a short bottom near 2381, ETH has rebounded nearly 130 dollars, and the V-shaped recovery pattern is initially completed;

There are signs of a bullish crossover in the MACD at the bottom, bearish momentum continues to weaken, but overall it remains in a weak rebound channel within the previous downward trend;

Currently near the middle track, whether it can break through and hold above 2530-2550 will determine whether the rebound continues.

🔵 Long Position Reference:

If it retraces to around 2485-2493 without breaking, you may consider a light long position, targeting 2535-2555, with a stop loss set below 2470.

🔴 Short Position Reference:

If the price surges to the 2535-2555 area and encounters resistance, you may consider a short position, targeting a drop to 2490-2475, with a stop loss set above 2570.

Summary:

ETH is currently at the end of the rebound testing area, with significant pressure above. It is recommended to focus on range trading, reducing positions at highs + light longs at lows as the current main strategy.