3- 29 Afternoon Views
Currently, ETH has fallen back from the 2356 high and is still in a downward structure. Previously, the market touched a low of 1966 after a rapid decline, followed by a technical rebound for recovery. The price is currently around 2005, with short-term movements showing low-level fluctuations and consolidation. The market is attempting to build short-term support, but the overall structure still belongs to the rebound recovery phase within a bearish trend.
Currently, the 2000 line has become a short-term dividing line for bulls and bears. If the price can stabilize above 2000 and gradually break upward, there will be an opportunity for the market to further test the 2040—2060 pressure area; if it breaks below 2000 again, the market may still retest the 1960 or even 1900 support area.
BOLL (Bollinger Bands):
Upper Band: around 2031
Middle Band: around 2009
Lower Band: around 1988
The Bollinger Bands are still in a narrowing state, with the middle band forming short-term resistance around 2009. The current price is fluctuating around the middle band, indicating that the market is undergoing horizontal repair consolidation after the decline. If the price can effectively hold above the middle band and break upward through the upper band, the short-term rebound space will further open up.
MACD:
DIF and DEA are still operating below the zero axis, but the green bars continue to shorten, indicating that bearish momentum is clearly weakening, and there is a demand for further short-term rebound recovery in the market.
Key Resistance Levels:
2040 (short-term resistance)
2060 (structural resistance)
2100 (strong resistance level)
Key Support Levels:
2000 (integer support)
1966 (previous low support)
1900 (strong support area)
Summary:
The current market belongs to the fluctuation recovery phase after the decline, with short-term bulls beginning to attempt a rebound, but the overall trend has not yet reversed. Focus on the two key positions: 2000 support and 2040 resistance. If the price can stabilize at 2000 and gradually break through 2040, the rebound space will further open up; if it breaks below 2000 again, the market may still return to a bearish structure and continue to explore downward. It is recommended to focus on a range strategy, going long near support and defending short near resistance. #ETH走势分析 #ETH $ETH
