📣2/27 Ethereum Trend Detailed Analysis and Steady Operation Recommendations:

Ethereum yesterday perfectly hit the short entry point and successfully took profit and exited! You can continue to follow for a few days' layout.

Currently, Ethereum is trading within a narrow range around $2020. It surged to 2146 yesterday before pulling back, dipped to 1976 in the early morning, then rebounded, with the $2000 level repeatedly contested. The four-hour chart shows alternating small bullish and bearish candles with no volume-driven rebounds. The bullish momentum is insufficient, indicating a weak bottoming process, closely tied to BTC. When BTC weakens, ETH faces more obvious pressure.

The Bollinger Bands are retreating from the upper half, approaching the middle band (around 2000), with narrowing volatility and no clear direction. MACD's bullish momentum is shrinking, with the histogram narrowing, and the fast and slow lines are turning downward, indicating a slight pullback on the four-hour chart. Volume has rebounded mildly with some increase but has not exceeded the previous decline volume, showing no volume-driven rebound and no release of selling pressure. Short-term moving averages are flattening or turning downward, with 2040–2050 acting as short-term resistance, and 1970–1980 as strong support.

Key Levels

Resistance: 2040–2050 (first) → 2080–2100 (strong resistance) → 2146 (previous high).

Support: 1970–1980 (strong support) → 1950 (key) → 1900 (breakdown target).

2/27 Steady Operation Recommendations:

It is advised to short around 1980–2000 for Ethereum, with target levels: 1950–1920–1900. If the trend breaks below 1900, continue holding short positions! Watch below around 1860!

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