3- 30 Midnight View
The current ETH has fallen from the high point of 2200 and is still in a bearish structure. Previously, the market quickly dropped to the 1966 level and then showed a short-term rebound, but the rebound strength is limited. The current price has once again fallen back to around 1990. The overall trend shows a weak oscillation recovery stage after the decline, with the price center still偏低, and short-term bullish momentum is insufficient.
Currently, the 2000 level has become the key dividing line between bulls and bears. If the price cannot stabilize above 2000, the market may continue to test the 1960 or even 1930 support area; if it successfully re-establishes above 2000 and breaks through, there is an opportunity to test the 2020–2050 pressure range again.
BOLL (Bollinger Bands):
Upper Band: around 2188
Middle Band: around 2029
Lower Band: around 1978
The Bollinger Bands are still running downwards overall, with the middle band continuously moving down, indicating that the overall trend remains bearish. The current price operates below the middle band and close to the lower band area, belonging to a weak oscillation recovery in a bearish trend. If the price breaks below the lower band, the downside space may further open up.
MACD:
DIF and DEA are still operating below the zero axis, and the red bars are gradually shortening, indicating that the previous rebound momentum is weakening, and the market has once again entered a weak state in the short term.
Key Resistance Levels:
2000 (short-term resistance)
2020 (structural resistance)
2050 (strong resistance level)
Key Support Levels:
1980 (short-term support)
1966 (previous low support)
1930 (lower support)
Summary:
The current market is still in a phase of oscillation recovery in a bearish trend, with limited short-term rebound strength. Focus on the two key positions of 2000 resistance and 1966 support: if the price cannot stabilize above 2000, the market may again revisit the low point; if it re-establishes above 2000 and breaks through, the short-term rebound space will further open up. It is recommended to primarily take short positions with defensive rebounds and to consider short-term longs near support #ETH #ETH走势分析 $ETH
