The long-term repair of Er Gouzi takes time, with intraday consolidation as the main tone

Currently, at 4:00 AM Beijing time, Er Gouzi's price is 2950. The bottoming process has not yet concluded. Influenced by Bitcoin's pullback, Ethereum is moving in tandem to test the key support at 3000. The market maintains a "downward" main trend. The previously deployed short strategy above 3000 remains effective and can be held.

On the daily chart, the EMA indicator shows a downward opening pattern, with the 15-period moving average pressing at 3100 (0.786 Fibonacci resistance zone). If the northbound breakout fails to surpass 3100, the medium-term bearish logic remains unchanged. The MACD volume bars continue to shrink, with DIF and DEA falling below the zero line, forming a "two-tier divergence." The lower Bollinger Band at 2890 provides the first support, and the middle band at 3160 is a strong resistance for rebounds. There is a high probability of consolidation at low levels this week, and volatility may further narrow over the weekend.

The four-hour chart shows a typical "descending triangle" pattern: the upper resistance at 3020, the lower support at 2890, with the current price contracting to the 2950 center. Although MACD shows a bullish divergence with increasing volume, and DIF and DEA form a golden cross below zero, providing short-term rebound momentum, the overall trend remains in a downward channel. After the Bollinger Bands tighten, the upper band pressure shifts to 3040. Those who have not entered the market are advised to wait for a pullback before making a move.

In summary, short-term rebounds do not change the medium-term downward pattern, and long-term repair still requires time. Holders can maintain their positions with a stop-loss at 2890. Those who have not entered the market should not chase longs against the trend. Patience is recommended to wait for a rebound signal after a pullback. #eth $ETH