ETH Bulls and Bears Are Engaged in a Fierce Battle! Technical Breakdown of the 2000 Level, How to Strategize in the First Trade of the Year of the Horse?

Recently, ETH has been locked in a fierce tug-of-war around the $2000 mark. The intense battle between bulls and bears has left clear signals on the technical charts. Combining volume and key level performance, let's analyze the current trend from a market logic perspective.
On the daily chart, ETH has formed three consecutive doji candles with upper and lower shadows, clearly indicating that both the resistance at $2000 and the support at $1800 are equally strong. The moving average system is in a state of consolidation, with MA30 and MA60 converging around $1920. This is a typical pre-change signal, and until the short-term direction becomes clear, the moving averages cannot provide definitive guidance.
The contrast in trading volume is particularly critical: although the crypto market saw a contrarian purchase of 2.5 million coins in February, recent spot trading volume has continued to decline, while open interest in the futures market has reached a new high. Especially notable is the $2 billion in short positions accumulated at the $2000 level, amplifying the leverage in the capital game. The MACD indicator remains in a low position below the zero line with a golden cross, and the red histogram momentum is weak, indicating that while bulls have the intention to rebound, they have not yet formed an effective force.
On the 4-hour chart, the Bollinger Bands are tightening significantly, with the upper band at $2020 and the lower band at $1850, forming a narrow trading range. The KDJ indicator repeatedly crosses at the neutral 50 level, lacking a clear divergence direction. For contract traders, the most important thing now is to avoid chasing highs and selling lows. It is recommended to use $1800 as a strong support stop-loss level, and to gradually add light positions in the $1850-$1880 range to test the long side. If the price stabilizes above $2000 and breaks out with volume, you can add to your position accordingly, with the first target at $2150. Conversely, if the price falls below the $1800 support, it is necessary to exit decisively and wait, to avoid being affected by the risk of liquidation at $1600. #ETH多空对决