Ethereum short-term trend is bullish: the price rebounded from the low of 1977, breaking above the upper band of the Bollinger Bands, indicating that bullish sentiment is dominant in the short term with strong upward momentum.

Facing a pullback pressure: after a rapid surge (rising to 2041), it is currently consolidating around 2024, and the candlestick pattern shows signs of a pullback. If it cannot hold above 2020, it may retest the middle band of the Bollinger Bands (around 1995) for support.

Key levels:

Support levels: 2,018 (near the upper Bollinger Band) and 1,995 (middle Bollinger Band).
Resistance level: 2,041 (today’s high).
$ETH
Only by reclaiming above 2041 can we confirm the end of this correction and reopen a new upward wave.

Trading suggestions (for reference only):

Long position strategy: Currently in a correction phase, avoid chasing highs. Focus on support in the 2000-2010 range. If it stabilizes and holds without breaking below, consider a light long position with a stop loss below 1980.

Short position strategy: If the rebound is weak and the price cannot re-establish above the middle Bollinger Band (2065), consider shorting around 2040 to target further correction.

Risk warning:

Cryptocurrency markets are highly volatile. Although the current trend is upward, high-level oscillations can lead to a correction. If it breaks below the middle Bollinger Band (1995), it may indicate the end of the short-term rally, shifting to consolidation or decline.