ETH technical analysis updates quickly.

From the naked K-line and volume, the daily chart has been consolidating with decreasing volume for several days. There's an old saying: "The longer the horizontal, the higher the vertical," and this suppressed energy often foreshadows a trend reversal. Currently, whether on the daily or hourly chart, the market is in a typical consolidation zone. The simple strategy before a breakout is—sell high and buy low for short-term trades, with stop-losses on all positions.

On the MACD, the daily chart shows a flat trend, confirming the sideways market. However, the 1-hour and 4-hour indicators show slight signs of upward momentum. The Bollinger Bands on the daily chart are flattening and beginning to tilt downward, with the middle band at 2997 acting as resistance, and the lower band at 2763 as support. For the 4-hour chart, trade based on the upper and lower bands—short at the upper, long at the lower.

Looking at moving average resistance levels, the daily chart is facing resistance at 3020 and 3126, with support at 2934. On the 4-hour chart, resistance is at 2960, support at 2937. On the supply and demand side, there are two support zones below: 2758-2782 and 2808-2835, while above are two resistance zones: 3047-3077 and 3145-3178.

Personal opinion: The longer this market consolidates, the greater the chance of a trend reversal. If you have patience, wait for the trend to emerge before trading. If you don't want to miss the opportunity, trade short-term within the consolidation, but remember—once the trend direction is clear, follow the trend. Never fight against it, as that is a quick way to lose money.