First, ETH Ether key support and resistance level

support level (potential buying area):

Short-term support: $1,800-1,790 (strong support at the daily level, tested multiple times recently without breaking)

Medium-term support: $1,750-1,700 (breaking below may trigger panic selling)

Key pivot point: $1,865 (opening price of the day, breaking below confirms trend reversal)

resistance level (potential selling area):

Short-term resistance: $1,920-$1,940 (suppressed by the midline of the 4-hour Bollinger Bands, recent rebounds have been blocked multiple times)

Strong resistance: $2,000-$2,050 (needs a breakthrough in volume to open up upward space)
 

Two, technical indicator signals

Trend and Momentum:

MACD green bar expands, KDJ turns downwards, indicating a bearish dominance;

The Bollinger Bands are opening downwards, with the price being suppressed by the middle rail at $1,900, and the red TD2 signal confirms a short-term bearish trend;

RSI(14) is close to 30, entering the oversold zone, but no obvious divergence has appeared, and the rebound momentum is insufficient.

Risk Warning:

Be cautious of black swan fluctuations caused by CPI data or regulatory news during the early morning period;

Whale accounts are selling ETH in large numbers, and the liquidity crisis may trigger further declines.
 

3. Operational Strategy Recommendations

Scenario 1: Bearish Dominance (Current Mainstream Trend)

Entry point: Short the rebound in the 1,920-1,940 dollar zone

Stop-loss set at above $1,990 (exit stop-loss if broken)

Target points:

First target: $1,850-1,800 (Fibonacci retracement level)

Second target: $1,750 (panic selling zone)

Scenario 2: Bull fight back (requires fundamental cooperation)

Entry conditions: Volume breakthrough of $2,000 and standing firm, MACD red column synchronously enlarged

Stop loss set at $1,930 below (exit if the previous low fails)

Target level: $2,050-$2,100 (upper resistance level of Bollinger Bands)

Scenario 3: High sell and low buy in a volatile market

Strategy: operate within the range of $1,800-$1,950, with a stop loss of ±$50

Risk warning: If it falls below $1,750, stop loss immediately and switch to safe-haven assets such as Bitcoin
 

Four, risk management advice

Position control: The risk of a single trade ≤ 1% of the total capital, avoid high leverage (such as above 10 times)

Trailing stop loss: After making a profit, for every $100 drop, the stop loss will move down by $50 (tracking to protect profits)

Fundamental analysis: focus on ETH network upgrade (such as PECTRA), regulatory developments, and the Fed's policies