2-22 Midday Market Views

Currently, ETH surged to around 2107 before facing resistance and quickly retreated. The overall trend continues to be a medium-term bearish structure, with the price breaking below the midline and trading below it. Although there is a short-term technical rebound, the rebound strength is weak, and it has not regained key moving averages. The overall situation remains in a weak corrective phase after a decline. The current movement is more like a secondary resistance within a rebound, with obvious selling pressure above. There are no signs of an effective trend reversal yet, so trading should mainly focus on defensive strategies.

BOLL:
Upper band around 2065, midline around 2000, lower band around 1940.
The Bollinger Bands are generally opening downward, with the midline continuously pressing lower. The price is operating below the midline, indicating that the bearish trend still dominates. The current price found some support near the lower band and showed a rebound, but it failed to firmly stay above the midline. The upper band and midline are resonating and creating resistance, so the overall outlook remains a weak oscillation.

MACD:
Still operating below the zero line, with DIF and DEA closely aligned at low levels. The bearish histogram is gradually shortening, showing signs of a short-term bullish crossover, but it has not yet moved above the zero line. The bullish momentum is insufficient. The current structure is a technical correction within a bearish trend, and caution is needed as the rebound may end and the price could fall back to confirm a new low.

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

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

ETH is still in a corrective phase within a medium-term bearish structure. The rebound is mainly a technical correction rather than a trend reversal. Short-term trading should avoid chasing highs or bottom-fishing. Focus on the Bollinger midline and lower band range. Long positions should wait for a confirmed support on the dip before entering lightly. Short positions should mainly defend against rebounds, patiently wait for key zone direction, follow the trend, and strictly control position size and stop-loss to avoid emotional trading.