2-22 Midday Views

Currently, ETH surged to around 2038 in the early stage and then pulled back. It found support at around 1905 and began a corrective rebound. The rebound was resisted near 1990 and then declined again. The current price is trading sideways around 1970. Overall, it remains in a mid-term bearish correction phase, with prices oscillating around the middle Bollinger Band. Although there are short-term upward attempts, no sustained volume breakthrough has formed, and the trend has not yet truly reversed. The current rhythm is still characterized by range-bound oscillation.

BOLL:
Upper band around 1995, middle band around 1970, lower band around 1930.
The Bollinger Bands are generally flattening and narrowing, with the middle band moving sideways. The current price is oscillating near the middle band, indicating a balanced struggle between bulls and bears. The upper band acts as short-term resistance, and the lower band provides support. Unless there is an effective breakout above the upper band that widens the Bollinger Bands upward, the overall structure remains a consolidation correction.

MACD:
Operating below the zero line, with DIF and DEA forming a golden cross and slowly rising. The red histogram is shrinking, indicating diminishing momentum. It has not yet broken above the zero line, still in a technical correction phase after a decline. If the red histogram expands again and pushes the indicator toward the zero line, a continued rebound is possible; otherwise, caution is needed for a potential pullback after a rally.

Long Position Strategy (Buy on Dip)
Entry: 1935 – 1915
Target: 1980 – 2000
Stop Loss: Below 1900

Short Position Strategy (Resist Rebound)
Entry: 2025 – 2045
Target: 1970 – 1940
Stop Loss: Above 2060

Currently, ETH remains in a mid-term bearish correction environment, with short-term battles around the middle Bollinger Band. The direction is not yet clear. In trading, avoid chasing highs and cutting losses aggressively. Focus on the resistance above 2000 and support below 1930. For longs, look for confirmation of support on dips and participate with light positions; for shorts, wait for a rebound to face resistance before setting up defensive positions. Strictly follow stop-loss rules, control position sizes, and trade with the trend.