Recently, Ethereum fell from 2800 to 2300. I judged the situation by combining the MACD golden cross pattern with the RSI support level, and positioned myself around 2300. Later, it rose to over 3000, and I made a decent profit from this round. By October, when ETH surged to 3200, the MACD also gave a signal of a bearish divergence, allowing me to exit in time and avoid the pullback. These are all actual occurrences in the market. I'm not saying this to brag, but simply to express that technical analysis can indeed help us better grasp the rhythm in practical situations.

Now let's take a look at the current technical situation of Ethereum. As of now, the price is at $3024.51, and the daily MACD indicator is still operating below the zero line, with the fast and slow lines arranged in a dead cross pattern. Although the green bars have shrunk, they still maintain a considerable size; the RSI reading is 47.21, falling in the neutral zone; the 50-day moving average is at 3094.22, and the 200-day moving average is at 3373.63, with the current price below the 50-day moving average. Overall, Ethereum is in a short-term weak oscillation state, and no signals confirming stabilization have yet appeared.

So when can we consider participating in the rebound? I think the key is to look at two signals. The first is when the MACD forms a golden cross pattern. When the fast and slow lines of the MACD complete the golden cross action below the zero line, and the red bars start to expand, it indicates that the bearish energy has been exhausted and the bullish strength is gathering, which is an important sign for the start of a rebound. If the golden cross occurs above the zero line, then the signal is even more solid. The second signal to observe is whether the price can stand back above the 50-day moving average, which is around 3094. Breaking through it means that the short-term trend has begun to repair. When these two signals appear simultaneously, the certainty of the rebound will significantly increase.