Hello everyone, I am Erge. Today's Ethereum short-term strategy

Technical analysis: As of February 6, 2026, Ethereum price fluctuates around $1700, with key support at $1600 and strong support at $1500, while short-term resistance is at $2000. RSI is close to 30, indicating an oversold signal; the MACD indicator, after turning negative, has not yet fallen below the levels seen in mid to late November last year, indicating that there may still be room for adjustment in the short term.

Fundamental analysis: The market expects the Federal Reserve's meeting minutes to maintain interest rates, but the wording may lean hawkish, reinforcing expectations of "long-term high interest rates," which is negative for risk assets. The U.S. non-farm payroll data for January will be released today, with the market expecting an addition of 185,000 jobs. If the data is better than expected, it may further strengthen the Fed's hawkish stance, negatively impacting risk assets.

Operational suggestions:

Long opportunities: If the price pulls back to the $1600-$1650 range and signals such as a significant bullish candle and a rebound in the RSI indicator appear, a small long position can be taken, with a stop loss at $1550 and a target of $1800-$1900.

Short opportunities: If there is a rebound to the $1950-$2000 range and signals such as a significant bearish candle and a decline in the RSI indicator appear, a small short position can be taken, with a stop loss at $2050 and a target of $1750-$1700.

Risk control: Position size should not exceed 10% of the principal, and leverage should be ≤5 times. Strictly set stop losses, with individual losses not exceeding 2% of total funds.