1. Historical Trends and Support/Resistance Levels

From the provided chart (timeline from September 2025 to February 2026), we observe:

- **High Point Area**: Between September and November 2025, ETH reached the **3,000-3,500 USDT** range (monthly chart shows previous high around 3,500 USDT).
- **Low Point Area**: January to February 2026, ETH experienced a deep correction, with a low of **1,747.80 USDT** (extreme low on daily chart).
- **Current Price**: About **1,978 USDT**, in a rebound and correction phase after bouncing from the 1,747 low.

### 2. Technical Indicator Analysis

- **Moving Average System (EMA)**:
- Short-term moving averages (EMA7, EMA25) have turned upward and broken above the long-term moving average (EMA99), forming a **bullish alignment**, indicating a short-term rebound trend.
- The current price (1,978) is above EMA7 (1,977) and EMA25 (1,965), suggesting strong short-term support.
- **MACD Indicator**:
- On the daily chart, MACD (DIF) has crossed above DEA, forming a **golden cross**, with the red histogram (bullish momentum) continuing to expand, indicating ample rebound momentum.
- **Bollinger Bands (BOLL)**:
- Price has broken through the middle band (MB) of Bollinger Bands, approaching the upper band (UP). If it can stabilize above the upper band (around 2,000-2,100 USDT), further testing of previous resistance levels is possible.

### 3. Price Range Forecast for the Next One or Two Months

Combining historical volatility, technical signals, and market cycles, the price of ETH in the next one or two months can be divided into **optimistic, neutral, and pessimistic** scenarios:

- **Optimistic Scenario (Breakout Upward)**:
If market sentiment continues to improve (e.g., BTC breaks above 70,000 USDT, boosting altcoins), ETH could test previous resistance at **2,100-2,200 USDT** (Bollinger upper band + previous correction relay zone), and even challenge **2,400-2,500 USDT** (December 2025 high area).
- **Neutral Scenario (Consolidation and Correction)**:
If the market maintains the current rebound pace, prices may fluctuate within **1,900-2,100 USDT**, digesting previous declines and waiting for a clear BTC direction.
- **Pessimistic Scenario (Correction Risk)**:
If BTC drops below 60,000 USDT, ETH might retest support at **1,800-1,850 USDT** (near previous lows), and possibly test the extreme low of **1,750 USDT** (less likely, requiring extreme market conditions).

### 4. Key Variables and Risk Warnings

- **BTC Trend**: ETH is highly correlated with BTC. If BTC breaks above 70,000 USDT, ETH is likely to follow upward; otherwise, it may face downward pressure.
- **Macro Environment**: Federal Reserve policies, US stock market trends, and cryptocurrency regulation policies could influence overall market sentiment.
- **Technical Signals**: Watch whether MACD continues to form a golden cross, Bollinger Bands widen, and trading volume increases.

# Summary: ETH Price Range Forecast for the Next One or Two Months

- **Core Range**: **1,800-2,200 USDT**
- **Upside Target**: **2,200-2,500 USDT** (dependent on BTC movement)
- **Downside Support**: **1,750-1,800 USDT** (near previous lows)

**Trading Advice**: The current price (1,978 USDT) is in the early rebound phase. Focus on the breakout of the **2,000 USDT** level. If it stabilizes above 2,000 USDT, consider a light long position aiming for 2,200 USDT; if it falls below 1,900 USDT, be cautious of a correction risk.