ETH

Weekend sideways trading, repeatedly failing to break below 2900. Most people are optimistic about the 2900 support level, leading to a wave of upward movement. Currently, it is in a high-level sideways consolidation.
Bollinger Bands 1-hour analysis
The Bollinger Bands are widening, and the candlestick broke above the upper band and then retraced.
MA 1-hour analysis
MA5, MA10, and MA30 are arranged from top to bottom, indicating a unilateral upward trend.
MACD 1-hour analysis
The fast and slow lines are above the zero line, with decreasing bullish momentum.
RSI 1-hour analysis
The fast and slow lines are in the overbought zone, with a death cross formed by their crossover. The market will return to a normal phase afterward, and a downward correction is expected.
Comprehensive analysis
After the rise, it consolidates at a high level. RSI indicator suggests a correction wave.
Resistance: 3060
Support: 3000
Strategy: Short-term high position, establish a small short position near 3040, continue to rise to 3080 for 1:1/2/3 add-on positions, stop loss at 3100, first take profit at 2960, observe if it breaks below effectively, if so, target 2900.