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#以太坊行情解读 The story of Ethereum written on the K-line
From 3077 down to 2899, this decline is not a correction; it's bears flexing their muscles. Currently, ETH is stuck below the middle band of the Bollinger Bands, and the bulls' defense line is about to break down.
I see three dimensions that can clarify the current situation.
**Position is the most critical.** The price is firmly suppressed by the middle Bollinger Band. The upper band is the top, the lower band is the bottom, and the middle band is the true dividing line between bulls and bears. Each rebound gets crushed again, which indicates weakness. Unless there's a volume breakout above the middle band, any rebound is just a trap.
**Indicators also confirm a bearish trend.** The fast and slow MACD lines crossed below zero and haven't turned back up. Although the green bars haven't expanded, the direction hasn't changed—what does this mean? The bearish momentum hasn't faded. Currently, bottom-fishing is going against the trend, and you'll definitely lose out.
**Volume can be more deceptive.** No volume during declines, no volume during rises; big players are all hiding. What are they waiting for? A genuine breakdown signal or evidence of a market reversal.
**How to trade practically?**
To go long, wait for ETH to increase volume and stabilize above the middle band before adding positions. Don't act before it crosses above the middle band. To go short, consider shorting when a rebound approaches the middle band, with a stop-loss set just above the middle band. The core logic is simple: small trial-and-error trades for big opportunities. The market's harshest scythe always cuts those who are impatient.
After so many years of bulls and bears rotating, not every trader wins by betting correctly every time, but those who cut losses quickly when wrong survive. Currently, bears are in the lead, so we play along with the bears; when bulls regain the middle band, we switch back to long positions. That's it.