#以太坊行情解读 ETH's recent price movement shows some interesting technical characteristics.

From the hourly chart, after a significant long upper shadow appeared around 2999.47, an adjustment began, indicating that selling pressure at the 3000 round number is indeed present. The daily chart has recorded three consecutive bullish candles, but has not been able to break through the previous high of 3020, subtly hinting at a double top formation.

On the indicators front, the 1-hour MACD's DIF and DEA have formed a golden cross and are starting to converge (3.52/2.89), with the bullish momentum clearly waning; the daily MACD is still below the zero line (-56.17 to -51.96), indicating an overall bearish rhythm. The RSI has reached 62.85 on the 1-hour chart, nearing the overbought zone, while the daily RSI is at 46.33, which is in a neutral to weak state, with no divergence signals observed for now. Regarding moving averages, the price on the 1-hour chart is comfortably above the EMA7 (2982.66), but the gap between EMA30 (2975.24) and EMA120 (2963.99) is narrowing, suggesting that the strength of the upward trend still needs further confirmation.

The trading volume perspective is a bit concerning - this is a signal of a divergence between price and volume. When it broke through 2990, the volume increased to 8096, but then shrank to 2225. The daily trading volume also dropped from the day before yesterday's 91784 to 38003, falling by more than half. This kind of rising on decreasing volume always feels like it lacks momentum.

**Trading Reference Point**:
If you want to go long, you can try at 2970 USDT (with the previous low at 2961.42 providing support plus EMA30 pullback confirmation), or hold at 2950 USDT (which is the round number plus a buffer below the daily EMA120). Set the stop loss at 2940 USDT (if it breaks below the key support at 2960, it may continue to decline afterwards).

If you short, the psychological level of 3000 USDT plus the 1-hour resistance at 2999.47 is the first exit opportunity; if it really rebounds to 3020 USDT (the previous high before the daily double top), then you should consider the second exit. Place the stop loss for the short position at 3030 USDT (easily triggering the short stop-loss after breaking 3020).