Evening Viewpoints from February 23

Currently, ETH has tested the 1844 support level and experienced a rapid rebound, reaching up to around 1915, but overall it remains below the previous breakdown zone. From a structural perspective, this is a technical corrective rebound after a decline, and it has not yet regained the key midline and previous high resistance areas. The trend still favors a bearish correction phase under the dominance of a downtrend, with short-term momentum leaning towards consolidation and weakness.

BOLL:
Upper band around 2015, middle band around 1950, lower band around 1889.
The Bollinger Bands remain open downward. After the rebound, the price touched above the lower band but failed to firmly hold above the middle band. The 1950 middle band remains a critical dividing line; without a breakout, the overall structure remains bearish. If it falls below 1880 again, support levels below include 1840 or even lower.

MACD:
Below the zero line, the green bars have significantly decreased in size and show signs of a low-level golden cross, indicating that bearish momentum is weakening and there is potential for a short-term correction. However, the overall remains in a bearish zone. If subsequent red bars increase in volume, the rebound may fail; if it turns green again with volume, the downtrend could continue.

Long Position Strategy (Buy on Dip)
Entry Range: 1825 – 1800
Target Range: 1880 – 1920
Stop Loss: Below 1780

Short Position Strategy (Resist Rebound)
Entry Range: 1920 – 1935
Target Range: 1860 – 1830
Stop Loss: Above 1960

Currently, we are in the technical correction phase after a decline, and the trend has not reversed. The main approach remains to defend against rebounds, avoiding chasing shorts at low levels and blindly chasing longs at high levels. Focus on the battle between the 1950 middle band resistance and the 1840 previous low support. Maintain proper position management and follow the trend.