ETH

After experiencing two days of narrow fluctuations on Saturday, a strong rally began in the morning, and it is highly likely to test the 3000 level again.
Technical Analysis
Bollinger Bands 1-Hour Analysis
The Bollinger Bands are widening and moving upward in parallel, with the upper band at 2964, the middle band at 2943, and the lower band at 2921. This morning, the candlestick first broke below the lower band, then surged and directly broke through the middle and upper bands. Currently, it is above the upper band, and a pullback is expected.
MA 1-Hour Analysis
MA5 corresponds to a price of 2956, MA10 to 2946, and MA30 to 2941. The MA5, MA10, and MA30 lines are arranged from top to bottom in order, with the opening widening, indicating a one-sided upward trend.
MACD 1-Hour Analysis
The double lines are above the zero axis, forming a golden cross at 6 a.m., with bullish momentum gradually strengthening. The double lines are opening upward.
RSI 1-Hour Analysis
The double lines formed a golden cross during the oversold phase around 5 a.m. and are currently in the overbought zone.
Comprehensive Analysis
At the end of Saturday, the price moved sideways at a low level for two days. In the morning, a relatively strong rally occurred. RSI and Bollinger Band indicators suggest a pullback and decline in the subsequent period. Currently, the price has approached the resistance level near 3000, so a short position can be considered at the high.
Resistance: 3000
Support: 2900
Strategy: Short at high, open a short position near 3000. However, since the rebound strength is currently strong, position size should be kept small. If the price continues to rise toward 3030, consider adding to the position at a 1:1/2/3 ratio. Place a stop loss at a clear breakout above 3060. If the price falls to around 2900 and rebounds weakly with a confirmed breakout, consider taking profit at 2800.