ETH

Consolidation at low levels after decline, a small rebound occurred at 11:00 AM, with a fluctuation of 40 points. In the afternoon, there may be sideways downward movement.
Bollinger Bands 1-hour analysis
The Bollinger Bands are contracting and opening downward. Around 11:00 AM, the price broke above the middle band briefly, then retraced.
MA 1-hour analysis
MA5 and MA10 are crossing without a clear direction.
MACD 1-hour analysis
The fast and slow lines are below the zero axis. Around 11:00 AM, the fast and slow lines formed a golden cross and moved upward. Currently, the bullish momentum is gradually increasing.
RSI 1-hour analysis
The fast and slow lines are in the overbought zone. The crossover formed a death cross, and the market will likely return to a normal phase. A wave of decline and retracement is expected.
Comprehensive analysis
After the decline, consolidation at low levels suggests a retracement based on RSI indicator analysis.
Resistance: 2960
Support: 2900
Strategy: Rebound to short, establish a small short position near 2960, add to the position at 2990 with 1:1/2/3 scaling, stop loss at 3000, first take profit at 2900. Watch for a confirmed break below; if broken effectively, target 2800.