$ETH Evening Analysis of the Double Bottom

✅Looking upward: First break through 2322, after passing that then test the 4-hour middle band at 2335, only when standing firm at 2335 can we say the bulls have some strength; if it can't break through, it will still be oscillating and grinding.
✅Looking downward: 2309 is the first line of defense, if it can't hold, it will likely test the 2300 integer level, and further down is the support at the previous low of 2283.
4 hours
Currently, it is "lying" below the Bollinger middle band, with the upper band at 2396 and the lower band at 2275, the entire Bollinger band is slowly narrowing, indicating a "volatile and timid" state. MACD bearish momentum is still there, but no new volume spikes, so no signs of a direct waterfall yet. Simply put: before standing firm at 2335, don't call a reversal in the main trend.
1 hour
The Bollinger bands are almost squeezed shut, with the price stuck around the middle band at 2315, unable to go up or down, with the upper band at 2322 and the lower band at 2309. Whichever breaks first will likely determine tonight's short-term direction. MACD red bars just peaked, bulls and bears are still wrestling, neither has gained the advantage.
15 minutes
Basically "standing still," the price is bouncing within the small range of 2310-2321, MACD is almost static, with little room for short-term operation, just waiting for the 1-hour and 4-hour signals to give a clear indication.
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