Current Key Market Signals

- Moving Average System Shows a Bearish Arrangement: Short-term EMA(7) is 2,028.18, Mid-term EMA(25) is 2,063.73, Long-term EMA(99) is 2,354.15. The price has broken below all major moving averages, indicating a downward trend.

- Bollinger Bands (BOLL) Are Contracting: Upper band 2,153.36, Middle band 2,069.59. The price is near the lower band, suggesting short-term rebound weakness. If it breaks below the middle band support, further decline may occur.

- MACD Indicator Shows a Death Cross: DIF(-24.68) is below DEA(-21.18), and the MACD histogram is negative(-3.50), indicating bearish momentum dominance and difficulty in a strong reversal in the short term.

- Parabolic SAR Turning Indicator: Current value 2,120.84, above the price, creating resistance and further confirming a downtrend. # Oscillation is weak, testing support: The price may repeatedly test the 1,980–2,050 range. If it cannot hold above 2,020, it may drop to the previous low of 1,983.77.

- Rebound Is Limited and Resistance Is Clear: The 2,060–2,100 zone faces multiple moving averages and the middle Bollinger band resistance. Without significant positive news or capital inflow, the rebound height will be limited.

- Risk Reminder: 24-hour trading volume reaches 11.88 billion USDT, indicating an active but highly volatile market. Leveraged traders should be cautious of liquidation risks.

- Short-term traders may consider lightly shorting around 2,050 with a stop-loss above 2,100, targeting the 1,980–2,000 range.

- Medium to long-term investors are advised to wait and see, and only consider positioning once the price stabilizes above EMA(25) to avoid "getting caught in a falling knife."

- Keep a close eye on BTC trends and macro news. If Bitcoin breaks below key support, Ethereum may follow further downward.

The current market is in a technical correction phase. It is recommended to focus on defense, control positions, and avoid chasing rallies or panic selling.