Don't Even Think About Buying the Dip, Continuous Washout in Progress, More Shaking Still to Come

Short-term Chart Signals
• Price Level: Currently around 2063, steadily holding above the EMA5/10/30/60 moving averages, short-term bullish trend is fully charged
• Bollinger Bands: Price hugging the upper band, strong recovery signal obvious, giving the market battered by the decline a chance to catch its breath
• MACD: DIF crossing above DEA, red columns continuously expanding, golden cross confirmed, bullish momentum is releasing
• KDJ/RSI: Indicators lean bullish but not yet at extreme overbought, suggesting sentiment recovery but not yet reaching euphoria stage.

1. Not a Bull Market Restart: Large-cycle moving average (EMA120) still pressing from above, medium-long term trend hasn't turned yet
2. Emotion Recovery is the Main Driver: More like a "last-ditch effort" after falling too much, giving trapped positions a chance to break even
3. Risk Still Present: RSI/KDJ already heated up, pullback could happen anytime, don't get dazzled by short-term surges

In this "major crash with minor rally" market, seeing ETH still able to hold above moving averages is already quite resilient.
But don't forget, the market is still in the "tribulation period," regulatory landings and geopolitical easing are the real signals for warming up.
Rather than chasing this wave of short-term trades, better to spend more time looking at larger cycles, after all, the crypto space never makes money off one or two days of price action💡