2.5 Ethereum Market Analysis: Bearish Trend Unchanged, Rebound Mainly for Shorting

ETH 4-hour Bollinger Bands are diverging downward. After testing the middle band and forming a double shadow line as resistance, the price has entered a series of downward candles, indicating a continuous bearish momentum with no signs of exhaustion. The current rebound from the lows is merely a technical correction after an oversold condition. The core trading strategy remains firmly to short on rebounds. Until a clear trend reversal signal appears, do not blindly bottom fish.

The resonance between the trend resistance of the middle Bollinger Band and insufficient trading volume creates an optimal short entry zone; below, the $2050 level has been tested multiple times and serves as a key support. It is also the primary target for this downward move. If this level is broken with increased volume, look further down to the psychological level of $2000.

Trading Strategy: Short in batches during rebounds to the $2130-2150 range, with targets between $2050 and $2000. If broken, continue to watch for a move toward $1800.