Ethereum (ETH/USDT) is currently showing a clear oscillating and bearish trend in the market.

At present, ETH is in a phase of decline correction or consolidation. Both the 1-hour and 4-hour charts indicate that the resistance above is effective, and the price has started to pull back after approaching around $2000.

Support levels (key defense lines):

First support: 1979.91 (1-hour Bollinger Band lower band). If broken, the short-term outlook will weaken further.

Second support: 1936.13 (24-hour low). This is a recent low; if broken, it could open up more downside potential.

Resistance levels:

First resistance: 1996.66 (1-hour middle band).

Second resistance: 2010.60 (4-hour middle band and recent high). Only a break above this level would indicate a potential reversal.

If you hold a short position: The current trend favors you; you can continue to hold, paying attention to support around 1979.

If you hold a long position: Currently at a floating loss, it is recommended to monitor support around 1979. If broken, consider stop-loss or reducing positions, and wait for stabilization before re-entering.

Observers: It is advised to wait for the price to stabilize at support levels (1936-1979 range) before considering long positions, or wait for a rebound to resistance levels (2000-2010) to be rejected before considering short positions. #震荡行情交易策略 $ETH