#ETH

Conclusion: Slightly small oscillation downward correction

Warm reminder: Both resistance and support levels can serve as entry points (averaging down points)

Upper resistance: 3300/3380/3450

Lower support: 3220/3170/3080

Trading strategies:

Long position strategy: If the rebound fails to effectively stabilize around 3300, establish a short position at the top, add to the position near 3450, and set stop-loss above 3450 after a breakout and stabilization.

First take profit: 3220 / Second take profit: 3170

Low buy strategy: If the pullback does not effectively break below 3240, establish an initial long position (aggressive), and a stable long position near 3220, add to the position near 3080, and set stop-loss below 3080 after a breakdown and stabilization.

First take profit: 3300 / Second take profit: 3360
Bollinger Bands: The current 4-hour chart shows Bollinger Bands with three lines trending upward, corresponding to prices 3098--3198--3298. The current hourly chart shows Bollinger Bands narrowing, with the middle band trending horizontally upward, and the three lines corresponding to prices 3297--3250--3204.

The 4-hour chart's short-term MA5 is trending upward; the market is currently trading between MA5 and MA10, with a correction not breaking below MA10 at the price of 3040, indicating a secondary upward movement. The hourly chart's MA5 is turning upward; the market is currently trading below MA5.

MACD Indicator: The MACD on the 4-hour chart shows double lines above the zero axis, with the fast line turning downward; bullish momentum bars are gradually weakening. On the 1-hour chart, the double lines are above the zero axis, with the fast line crossing downward, and bearish momentum bars gradually strengthening.

RSI Indicator: The RSI is currently in a normal trading range, with the fast line trending horizontally, corresponding to prices 21--31.