2-24 Afternoon Market Views

Currently, ETH has once again fallen below the 1840 level and continues to weaken, with the lowest touching around 1810. The overall structure is a continuation of the breakdown with inertial decline. The rebound height is decreasing, moving averages are continuously diverging downward, and the bearish momentum is clearly dominant. From the trend rhythm, this is not a simple consolidation but a weak correction within a continuing downtrend, and short-term remains biased bearish.

BOLL:
Upper band around 2035, middle band around 1930, lower band around 1820.
The Bollinger Bands are widening downward, with the price near the lower band. It has touched the lower band multiple times without strong reversal. If it effectively breaks below 1810 with increased volume and continues downward, the price may test 1780 or even lower; if volume decreases and it stops falling, then reclaims above 1880, it will enter a consolidation correction phase.

MACD:
Operating deep below the zero line, DIF and DEA form a death cross downward, with green bars continuing to expand, indicating that bearish momentum is still being released. No obvious bottom divergence structure has appeared yet; the rebound is more of a technical correction, and the trend has not changed.

Long Position Strategy (Buy on Dip)
Entry: 1780 – 1760
Target: 1860 – 1920
Stop Loss: below 1740

Short Position Strategy (Rebound Defense)
Entry: 1860 – 1885
Target: 1810 – 1780
Stop Loss: above 1900

The current bearish structure continues, and rebounds are part of a correction rhythm rather than a trend reversal. Prioritize a defensive approach during rebounds, avoid chasing shorts at low levels, and do not blindly hold large positions for bottom fishing. Focus on the key support at 1810; once broken, downside space will further open. Strictly implement position management, trading in line with the trend. #特朗普宣布新关税政策 #Gate广场发帖领五万美金红包 $BTC