Ethereum Trading Strategy.

1. Current Price Situation
Current Price: $2,029 (24h +0.55%)
7-Day Change: +2.54%
90-Day Change: -34.85% (Still in the recovery phase after a major decline)
Recent 24h Range: $2,007 - $2,086, narrow fluctuations
2. Technical Signals
Short-term bearish, mid-term bullish, conflicting signals:

Dimension Signal
15-minute MA Arrangement Bearish arrangement (MA7MA30>MA120), mid-term positive
Recent Candlestick Pattern Double Top, has broken the neckline, indicating downside risk technically
RSI (15-minute) 41, somewhat weak, not oversold
Volume Recent 24h volume increase, participation has risen
The double top pattern is the most important warning signal right now—two attempts near $2,085 failed to break through, followed by a breakdown of the neckline, indicating further correction risk.

3. Market Sentiment and Public Opinion
Institutions are quietly accumulating:

Bitmine increased holdings by about 60,000 ETH in the past week, with total holdings over 4.53 million ETH (3.76% of circulating supply), about two-thirds staked
A major whale just withdrew 63,000 ETH from exchanges (worth about $131 million), dispersed into multiple wallets—usually seen as a long-term bullish signal
Market sentiment is neutral to slightly positive:

Positive sentiment 48% vs Negative 30%, net positive gap +18%
Fear & Greed Index at 18 (fearful), the market is still cautious
Macroeconomic disturbances: Recent geopolitical events like US-Iran conflicts are occupying crypto community discussions, possibly leading to risk-averse sentiment in the short term.

4. Trading Recommendations
Core judgment: Do not chase highs, wait for a pullback to confirm support before entering

Scenario Trading Approach
Short-term Trading (1-3 days) Cautious, with a double top pattern indicating strong bearish pressure, mainly observe
Mid-term Positioning (1-4 weeks) Focus on the $1,980-$2,000 support zone; if held, consider light positions
Break below support If it breaks below $1,980, watch the next support around $1,900, avoid bottom-fishing
Break above resistance If it effectively breaks $2,085 with volume, turn bullish and consider increasing positions