#数字货币市场回升 1.30 Market Observation: Ethereum long positions momentum is clearly weakening, high position shorting opportunities are emerging.

The price of Ethereum stabilized around $3008 over the weekend. Although there has been a slight increase, the extent is really not significant. Overall, it has been fluctuating within the range of $2900 to $3050, with no sign of a breakthrough. This wave of long positions is really starting to struggle.

From a technical chart perspective: The 4-hour Bollinger Bands have been tightening, with the upper band stuck at $3050 and the lower band holding at $2900. The price is now touching the upper band. According to past experience, a narrowing of the Bollinger Bands often leads to a directional change. However, the problem is that the trading volume is not keeping up. In this case, the probability of a downward adjustment is clearly greater than that of a continued upward surge.

The MACD also indicates some issues: the green bars are slowly shortening, but the red bars are rising particularly laboriously. There hasn't been a decent golden cross near the zero line, indicating that the long positions are lacking momentum. This small rebound looks more like a technical repair within a range-bound fluctuation, so don't think too much about it. What's more concerning is that a top divergence in MACD and trading volume has already appeared at the hourly level; once this happens, the rebound is basically at its end.

Operation suggestion: Consider placing short positions in the rebound range of 3060-3090, with the initial target at 2930, followed by the integer level of 2900.

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