Currently, ETH experienced a rapid decline in the early stage followed by a low-level rebound correction. Overall, it remains in a consolidation and correction phase after the decline. Although there is a short-term rebound, the price is still operating below the key moving averages. The rebound is more of a technical correction, and no trend reversal signals have been observed yet. Attention should still be paid to the breakout of the range.

BOLL: The upper band is around 2985, the middle band is around 2955, and the lower band is around 2925. The overall trend shows a narrowing and flattening state. The current price is operating below the middle band, leaning towards the lower middle band area, indicating that after the previous bearish momentum was released, the market is entering a correction phase. However, the resistance from the middle band and the upper band remains obvious, limiting the rebound space. The overall approach should be treated as a range-bound oscillation.

MACD: Still operating below the zero line, showing signs of weakening bearish momentum, but no effective golden cross has formed yet. Currently, it is more of a weak rebound correction, and caution is needed to prevent a secondary decline after the rebound ends.

Long position idea (buy on dip)
Entry range: 2905 – 2880
Target range: 2980 – 3020
Stop loss: below 2855

Short position idea (defend against rebound)
Entry range: 3045 – 3070
Target range: 2975 – 2950
Stop loss: above 3095

Currently, ETH remains in a consolidation and correction phase after the decline. In the short term, avoid chasing upward or downward movements. Trading should focus on the upper and lower boundaries of the range. For longs, wait for a pullback to confirm support; for shorts, wait for a rebound to face resistance signals. Be patient and wait for a clear directional choice.