Today$ETH Market Analysis

Key Conclusion: Short-term bottoming and rebound, oscillation correction, range trading, light positions, no chasing highs.
II. Key Support and Resistance (ETH/USD)
Strong Resistance: 1950 → 1980 → 2000
Strong Support: 1860 → 1820 → 1800$
III. Today's Bull and Bear Strategies
1. Long Entry: 1850–1860 Stabilize and go long
Stop Loss: below 1840 Target: 1900 → 1950
Logic: BTC drives the rebound, buy on dips at support, avoid chasing highs
2. Short Entry: 1960–1980 Under pressure, try shorting Stop Loss: above 2000 Target: 1920 → 1880
Logic: The larger cycle remains weak, rebounds are not reversals, short again at resistance
IV. Influencing Factors Market Sentiment: After a sharp decline in the early session, bottom-fishing funds entered, and sentiment quickly recovered.
Correlation: BTC strong rebound, driving ETH to recover in sync.
Technical Aspects: Breakthrough of short-term moving average resistance, bullish momentum strengthens, but selling pressure above remains.