Let's take a look at the current technical trend of ETH.

**Bollinger Bands Performance** On the 4-hour chart, the price has broken out of the upper band of the Bollinger Bands, encountering resistance at the 120-day moving average above. This is our first line of bearish defense; whether it can break through and stabilize is crucial. The MA moving averages are arranged very neatly, indicating a typical bullish trend. On the daily chart, the 5-day moving average has not fully turned upward yet, with the midline and the 30-day moving average pressing down from above. If the price pulls up again without breaking through, the market will need to decline again.

On the hourly chart, the price is outside the Bollinger Bands, consistently running just above the 5-day moving average. The key point is that the 10-day moving average has not been effectively broken below. As long as this level holds, the upward momentum will continue. The short-term moving averages just experienced a golden cross upward, showing a clear bullish trend. Recent support is around 2960.

**Indicator Signals** MACD on the hourly chart has already experienced a bullish crossover above the zero line, with bullish momentum continuing to strengthen. The dual lines on the 4-hour chart are about to cross the zero line. RSI is currently in the overbought zone, with values between 74-77.

**Trading Strategy** For a rebound from high levels, consider short positions around 3030, with a re-entry point at 3170, and stop-loss set above 3270. For long positions at low levels, enter the initial position at 2890, add at 2810, and place the stop-loss below 2730.

Resistance levels: 3030 → 3170 → 3270
Support levels: 2890 → 2810 → 2730