#ETH

Upper resistance: 3060/3120/3180

Lower support: 2990/2960/2900

Warm reminder: Both resistance and support levels can serve as entry points (averaging down points)
Recommended trading strategies:

Long position strategy: If the rebound fails to establish a solid position around 3060, open a short position, with additional entries around 3180. Break above 3180 to confirm, then set stop-loss above 3180.

First take profit: 2990 / Second take profit: 2960

Long position on dips strategy: If the pullback does not break below 2990, establish a long position, with additional entries around 2900. Break below 2900 to confirm, then set stop-loss below 2900.

First take profit: 3060 / Second take profit: 3120
Bollinger Bands: The current 4-hour chart shows Bollinger Bands opening up, with the middle band trending horizontally upward, with three lines corresponding to prices 2884--2949--3013. The current hourly chart also shows Bollinger Bands opening up, with the middle band trending horizontally upward, with three lines corresponding to prices 2887--2966--3045.

The 4-hour chart shows a short-term MA5 upward trend. The market is currently trading above MA120. The market has broken below the Bollinger Bands and is retracing; the retracement has not broken below MA10 at 2962, indicating a second upward move. The hourly chart shows MA5 trending upward, with the market currently trading between MA5 and the upper band.

MACD Indicator: The 4-hour MACD lines are above the zero line, with the fast line crossing upward, indicating bullish momentum without signs of weakening. The 1-hour MACD lines are also above the zero line, with the fast line showing a potential reversal, and the bullish momentum histogram showing signs of weakening.

RSI Indicator: The RSI is currently in overbought territory, with a bullish crossover at prices 98--84.