12-20 Afternoon Market View
Currently, ETH is oscillating around the range of 2980–2990. After a continuous rebound, it has entered a high-level sideways consolidation phase. From an overall structure perspective, although it has temporarily returned above the midline, it is still under significant pressure from above, showing signs of weakening rebound momentum. The market is in a consolidation phase after a rebound, rather than a trend reversal.
BOLL: The upper band is near 2992, the middle band is near 2980, and the lower band is near 2770.
The price is oscillating repeatedly near the middle band, with multiple attempts to test the lower edge of the upper band, but it has not been able to break through effectively. The upper band continues to exert pressure.
The middle band is slightly flattening upwards, but has not yet formed a divergent trend, indicating that it is currently in a consolidation phase after a rebound, and has not opened up upward space.
MACD: The green bars have completely disappeared, giving way to red bars, but the momentum of the red bars is starting to shorten. Although the DIF and DEA have golden crosses, the angle of the golden cross is weak, indicating that it is overall in a period of momentum decay after a rebound.
Long Position Strategy (Buy on Dips)
Entry Position: 2950 – 2935
Target Position: 3000 – 3040
Stop Loss Position: Below 2915
If it effectively breaks below 2920, the short-term bullish structure will be invalidated.
Short Position Strategy (Defend Against Rebounds)
Entry Position: 3015 – 3035 (Resistance on Pullback)
Target Position: 2980 – 2930 – 2880
Stop Loss Position: Above 3055
If it effectively stabilizes above 3050, the bearish strategy will be invalidated.
ETH is currently in a BOLL middle band upward oscillation + MACD momentum decay structure after a rebound. The trend remains in a range-bound oscillation, neither breaking upward nor downward; do not chase after prices or blindly look for breakouts. Focus on high shorts + buy on dips, continuing to follow the range rhythm. $BTC
