It is now 10:00 Beijing time, let's analyze the current trend of ETH.

Bollinger Bands: From the four-hour chart, the current price has rebounded above the middle band after breaking it last night. Currently, the Bollinger Bands are narrowing and parallel, indicating that the market has entered a consolidation phase with a range of oscillation around 2960-3030. The current price shows a trend of testing the middle band downward again; if it does not break effectively, there is a possibility of a second upward pull. In the 4-hour chart, the short-term moving averages are turning downward. After the price rose to the 240-day moving average, a decline correction occurred. If the 5-day moving average crosses below the 10-day moving average forming a death cross, the market may reverse and continue to test the short-term resistance near 2960. The current price is operating between the middle band and the long-term moving averages.
In the 1-hour chart, the short-term moving averages are crossing upwards, and the price has experienced a pullback after several rises near the middle track line. The short-term resistance level above is around the middle track line at 3030. If it stabilizes above the middle track line afterward, the market may see two upward pushes. The current price is in a very narrow fluctuation between the 10-day moving average and the middle track line.
MACD: In the hourly chart, the MACD double lines are parallel above the zero axis, with the fast line below the slow line, indicating that bearish momentum is starting to weaken. In the 4-hour chart, the double lines are above the zero axis and are about to enter a converging state, with bullish momentum weakening.
The RSI is in the normal trading phase, corresponding to the value of 48-46.
Conclusion: Range-bound oscillation
Resistance levels: 3110-3180-3360
Support levels: 2930-2800-2720
High-altitude strategy: A short position can be established near 3110, with a top-up point set around 3180, and a stop loss above 3360.
Long Position Strategy: A long position can be established near 2930, with an additional buy point around 2800, and a stop loss if it falls below 2720.