February 23 Midday Market View

Currently, ETH faced resistance around 1990 and quickly dropped with increased volume. After breaking below the 1970 midline support, it accelerated downward, directly breaking through the 1930 lower band and volume breaking the level, with the lowest touch at 1844. Overall, the original range-bound structure has been broken, and the market has entered an accelerated bearish phase. In the short term, this is a sentiment-driven correction, with a clear weakening trend. The rhythm has shifted from oscillation recovery to a dominant downtrend.

BOLL:
Upper band near 2015, midline near 1950, lower band near 1860.
The Bollinger Bands are clearly diverging downward, with the price near the lower band, indicating a bearish single-sided structure. The midline has formed strong resistance; if it cannot quickly recover above 1950, the bearish momentum will be hard to change. Currently, the price is outside the lower band, with a technical rebound possible, but the trend remains bearish.

MACD:
Below the zero line with significant volume increase, DIF and DEA are forming a death cross and diverging downward, with green bars continuously expanding, indicating a strong bearish momentum. This suggests the market is in an accelerated release phase. If the green bars start to shrink, a technical rebound may occur; if volume continues to expand, there is still room for further decline.

Long Position Strategy (Buy on Dip)
Entry: 1825 – 1800
Target: 1880 – 1920
Stop Loss: Below 1780

Short Position Strategy (Rebound Defense)
Entry: 1920 – 1935
Target: 1860 – 1830
Stop Loss: Above 1950

ETH has now entered an accelerated bearish structure, and it’s not advisable to blindly bottom fish in the short term. Prioritize rebound defense and wait for a technical rebound to pressure and then establish short positions. Watch the support at around 1800; if volume signals a stop in the decline, consider lightening positions for recovery. Strictly control position size, operate with the trend, and execute stop-loss orders without fail. #特朗普宣布新关税政策 #Gate广场发帖领五万美金红包