ETH Market Trends

Long-term (Weekly): Still bearish overall, no reversal

• Ethereum has closed lower for two consecutive weeks. The 2400 level is a medium- to long-term major resistance, and if it can't break through, don't expect a big rally.

• 2200 is a strong resistance, 1750 is a strong support. Currently, it's just oscillating within this range, grinding out a bottom.

• The overall trend remains downward, and none of the indicators show signs of reversal. What we're seeing now is just a short-term rebound after a significant decline, not the return of a bull market.

Short-term (Daily): Rebound after a breakdown, limited space

• The previous upward pattern has been completely broken. The current rally is just a "retracement confirmation" after a decline, not a new trend.

• This rebound is likely to reach only 2100-2200, a very strong resistance zone, making it difficult to break through.

• Indicators also show the rebound is weak; it can't sustain upward momentum. After this rebound, the price is likely to continue falling.

Trading Strategy

• Don't chase the highs! Now is not the time to catch the bottom. The overall trend is downward, and chasing high can easily lead to being trapped.

• You can short at the 2100-2200 rebound zone, with a stop-loss above 2250. Target prices are 1750-1800.

• For long positions, only try a small position around 1750-1800, with quick entries and exits, strict stop-losses, and avoid holding on to losing trades.

In short: ETH's big trend remains bearish. It's just a weak rebound after a significant decline, with a rebound limit of 2100-2200. Don't chase the highs—rebounds are opportunities to short!