3-1 Evening Market View

Currently, ETH surged above 2050 but faced resistance and pulled back, trading around 1985–1990.

From a structural perspective:
1834 low rebound → 2050 high
Failed to extend the rally → retraced near the midline
Forming a potential double top at high levels
Overall still in a “rebound within a downtrend,” now entering a critical confirmation phase.
If the 1970–1980 midline support is broken, the rebound structure ends;
If it holds and pushes back above 2050, it indicates a continued consolidation and correction.

BOLL:
Upper band near 2099, midline near 1979, lower band near 1859.
The Bollinger Bands are starting to flatten, with price pulling back from the upper band toward the midline, a typical high-rejection structure.
Key points to observe:
- Whether the price effectively breaks below the midline 1970–1980
- Whether a bullish reversal candle forms above the midline
The midline is the dividing line between bulls and bears.

MACD:
Red bars are shrinking, DIF shows signs of turning, but still above zero.
Indicates weakening bullish momentum but not yet turning bearish.
If MACD forms a death cross again and falls below zero, a deeper correction could open.

Key Resistance Levels:
2000–2020 (short-term resistance zone)
2050–2070 (strong structural resistance zone)
2149 (previous high resistance level)

Key Support Levels:
1970–1980 (midline defense)
1930–1950 (structural retracement zone)
1860 (initial support level)

Summary:
The current market is in the “confirmation phase after a high pullback,” with the key being whether 1970–1980 holds.
If it holds, consolidation and correction continue;
If broken, a likely retest of 1930 or even 1860.
This is not the time to chase orders; patience for confirmation signals is more important than blindly entering.
With the right rhythm, profits will naturally follow.