Signals Supporting Long Positions

- Technical structure bullish: 15-minute and 4-hour moving averages in bullish alignment; daily SAR below price (bullish trend signal); 15-minute chart shows double bottom pattern with neckline successfully broken through

- Bullish divergence confirmed: Daily RSI and MACD simultaneously showing bullish divergence, indicating weakening downside momentum

- Volume-driven uptrend: Today's trading volume significantly higher than 7-day average, genuine fund participation

- Outperforming broader market: ETH 24h gain +5.7%, exceeding BTC's +4.0%, showing relative strength

- Institutional accumulation: Bitmine purchased an additional 65,341 ETH last week, with holdings exceeding 4.6 million; BlackRock ETF recent single-day inflow of $149 million

- Catalyst: Positive progress in Iran-US diplomatic negotiations, marginal improvement in geopolitical risk, driving this round of rebound

Risks to Watch

- 4-hour MACD bearish divergence: Price making lower highs while MACD histogram rising, presenting short-term pullback risk

- Fear & Greed Index at only 8 (extreme fear): Overall market sentiment extremely pessimistic, sustainability of rebound uncertain in current backdrop

- OG address selling: A OG address holding since 2016 (nearly ten-year holder) has deposited 15,000 ETH to Coinbase, potential selling pressure

- $2,081 is the major liquidation level: According to Coinglass, breaking below $2,081 will trigger over $600 million in long liquidations, avoid naked longs

- Down nearly 27% on 90-day basis: Medium-term trend still weak, this rebound may be recovery, not trend reversal

Short around $2,280. Long around $2,100. $BTC $ETH