3-6 Midnight Viewpoints

Since ETH's recent peak at 2199, the price has retreated, entering a phase of short-term correction. Multiple rebounds after the high have failed to break through the previous high, causing the price center of gravity to gradually shift downward. Market momentum has clearly weakened. Overall, the current rhythm is weak, with limited short-term rebound strength, indicating that the bulls are still lacking sufficient support.

The current market is in a technical correction phase after an upward move, with the market still repairing from high levels. The 2050–2070 region has become the current dividing line between bulls and bears. If the price stabilizes above 2100, there will be a chance for a technical rebound; if it breaks below 2050, it may further test the support around 2000.

BOLL:
Upper band around 2180, middle band around 2040, lower band around 1890
The Bollinger Bands are starting to contract, with the price moving around the middle band, indicating the market has entered a consolidation and repair phase.
If the rebound reaches 2100–2120 and faces resistance again, it still belongs to a weak rebound structure.

MACD:
Positioned above the zero line but with weakening momentum, the red bars are gradually shortening, signaling a short-term correction.
Currently, it is in a phase of momentum repair after an upward move, without a trend reversal.

Key Resistance Levels:
2100 — Short-term rebound resistance
2120–2150 — Previous dense trading zone
2199 — Stage top resistance

Key Support Levels:
2050 — Current short-term defense level
2000 — Psychological support level
1980 — Previous structural support zone
1900 — Medium-term strong support area

Summary and Analysis:
The current market is still in a correction and repair phase. Before re-establishing above the 2100–2120 zone, it is premature to expect a trend reversal. Trading should focus on rebound defense; if support holds, consider light positions for low buy-ins, and pay attention to position control.