【$ETH Technical Interpretation】

Trend Structure:

The current price is operating within a descending channel, with the K-line rebounding near the upper boundary of the channel (resistance level around 2400). The trend remains suppressed by the channel and has not effectively broken through.

Moving Average System:

MA7 (2301) and MA30 (2379) are still in a dead cross state, and the EMA indicator shows the same. The price is just approaching the MA30 resistance. A short-term rebound is observed, but the medium-term trend has not reversed.

MACD Indicator:

DIF has formed a golden cross with DEA, and the MACD histogram has turned from green to red, indicating that short-term rebound momentum is strengthening. However, the angle of the golden cross is relatively flat, suggesting that the upward momentum has not yet been fully confirmed as strong.

Trading Volume:

The trading volume has noticeably increased in the past two days, with the rebound accompanied by volume support, indicating a short-term sentiment recovery. However, if there is a subsequent increase in price with decreased volume, caution should be taken against false signals.

Bollinger Bands / Support and Resistance:

Currently positioned above the middle band of the Bollinger Bands, pressured by the upper boundary of the channel and MA30, with a key resistance area of 2400-2430. Support is located in the 2150-2200 region.

【Strategy Suggestions】

Short Position Strategy (Higher Probability):

【Entry Point】: Near 2390-2405 Short

【Stop Loss】: Above 2435

【Take Profit】: 2330, 2290, 2250 Take profits in batches

【Recommendation】: 5-10% position size, 50-100x leverage, light position for shorting

【Logic】: Rebound to the upper boundary of the channel + MA30 resistance, the trend remains bearish without breaking out, providing an advantage for shorting.

Long Position Strategy (Aggressive Speculation):

【Prerequisite】: Only consider short-term long positions if a strong breakout above 2430 is sustained.

【Entry Point】: 2435-2450 for a pullback long

【Stop Loss】: Below 2390

【Take Profit】: 2500-2550