Ethereum's price was fixed at 2810 at 3 a.m. today. To be honest, this position is quite awkward. The monthly chart's middle band at 3058 couldn't hold, and the weekly Bollinger Bands' lower band at 2900 has also been lost. Now both the daily chart and the five-day chart are severely oversold, technically there should indeed be a decent rebound. I personally tried a long order at this position, but to be blunt—if it goes down further, I will admit defeat and set a stop loss, definitely won't stubbornly hold on.

Looking at the daily chart, the highest reached 3063, and the lowest dropped to 2788. The EMA trend indicator is currently in a typical bearish arrangement, with EMA15 still hanging at 3220 and continuing to press down. According to the Fibonacci retracement, the 0.618 position at 2750 is a key support level. Although the MACD has shown a bottom divergence, the contraction state has continued, and both DIF and DEA are still opening downwards. The lower band of the Bollinger Bands is now pointing to 2794, and the RSI has entered the oversold zone.

The four-hour level is more intuitive—there is a clear downward channel, and the integer level of 2800 was just broken while writing this article. The EMA continues to decline and expand, the MACD has started to decrease in volume, and the DIF and DEA have crossed again. Although the bottom divergence has persisted for a long time, the K-line has already fallen below the lower band of the Bollinger Bands at 2870, and the KDJ has also crossed. In such an extremely oversold market, whether you are going long or short, the stop loss must be strictly enforced.

**Short-term Strategy Reference:**

**Short Selling Area**: 2950-3000 trial position, with defense set at 3100, stop loss controlled within 40 points, target first looking at 2900-2850, if broken continue to look at 2800.

**Long Area**: 2800-2750 can be tried for a long order, with a stop loss set at 2700, similarly a 40-point stop loss, and target looking at 2850-2900, if strongly broken through, then look at 2950-3000.

Just a reminder: Technical analysis is only a reference; actual operations depend on real-time market changes, and you need to manage the risk yourself.