ETH

After yesterday's decline during the day, it consolidated around 2930 at a low level. At 10 PM, it did not effectively break below 2900, then rebounded and stretched to 2960 to continue consolidating.
Technical Analysis
Bollinger Bands 1-Hour Analysis
The Bollinger Bands are contracting with the upper and lower bands tending to be parallel. The upper band is at 2956, the middle band at 2934, and the lower band at 2912. The candlesticks broke below 2900 and then rebounded upward, breaking through the middle band, followed by a pullback to the vicinity of the middle band for oscillation.
MA 1-Hour Analysis
MA5 corresponds to a price of 2946, MA10 to 2943, and MA30 to 2940. The three lines are crossing in a complex manner, all below MA60, with no clear direction.
MACD 1-Hour Analysis
The double lines are below the zero axis. A golden cross was formed at 11 PM on the 24th, with the opening widening upward. Currently, the bullish momentum is gradually weakening.
RSI 1-Hour Analysis
The double lines formed a death cross and moved downward during the overbought phase at 6 o'clock. Both the fast and slow lines have returned to the normal range.
Comprehensive Analysis
Currently in a low-level consolidation phase. Yesterday, multiple attempts to break below 2900 failed, but the rebound strength was weak. Additionally, MACD indicates that bullish momentum is beginning to weaken, and RSI is also trending downward, suggesting a subsequent decline.
Resistance: 2980
Support: 2900
Strategy: Short positions, establish initial short orders around 2970, and if it continues to rise to 3000, add positions at ratios of 1:1/2/3. Place a stop loss at a clear break above 3030, and take profit at 2900.