#美SEC推动加密创新监管 Ethereum this short-term pump is a bit fierce. RSI directly surged to 83.5, a typical overbought signal.

From the 1-hour level, the bulls indeed still hold the initiative. The price has stabilized above the long-term moving average, and the short-term moving averages are in a bullish arrangement, which can last for a while. But the problem arises—several short-term indicators have already signaled warning.

Key prices need to be closely monitored. 3052.21 is today's ceiling; breaking through this level may allow for further upward movement. Looking down, 3018 is the first line of defense, and 3007 is the second layer of protection. Especially at 3018, if this level breaks, the short-term trend may be about to shift.

What's even more critical is the 3000 integer level. Not only is there psychological support here, but the middle line of the Bollinger Bands is also nearby. If we can't hold this level, the entire short-term upward structure will have to be reassessed.

The momentum indicator speaks more clearly. An RSI of 83.5 means that the upward trend has been seriously overextended, and there is insufficient fuel to continue chasing highs. Although the MACD still shows bullish dominance, the histogram is shortening, which is a typical signal of momentum exhaustion. The price is hovering near the upper Bollinger Band, deviating too far from the mean, which poses a considerable risk for entering at this position.

At this point, what is the wisest course of action? Wait.

Instead of chasing the price increase and betting on direction, it's better to see how the market makes choices at key positions. Can 3052 break? Will 3018 hold? Once these questions have answers, the opportunities will naturally become clear. The essence of trading is a game of probability, not gambling. Missing an opportunity once is not scary; what's scary is blindly taking action at uncertain positions.

$ETH is currently in this state: strong in the short-term but overbought; until the direction becomes clear, being cautious is more valuable than being impulsive.