ETH

It is currently 10:30 on the 25th Beijing time. Let's analyze the current trend of ETH. Ethereum has been moving in a sideways pattern over the past few days, with a range around 2880 to 2980.
Bollinger Bands: From the four-hour chart, the three lines are parallel and trending downward. The price has been below the middle band for a long time. If the subsequent rally fails to effectively break through and stabilize above the middle band, the market will decline again. In the four-hour chart, the short-term moving averages are turning upward; if they can close above and form a golden cross, the price will attempt to test the short-term resistance near 2970. Currently, the price is trading between the 5-day and 30-day moving averages.
On the one-hour chart, the price is above the middle band, but it is being suppressed by the 5-day moving average and has not effectively broken through and stabilized. If it fails to break through again, the market will continue to decline. The Bollinger Bands on the hourly chart are parallel, and the 5-day moving average is showing a downward turn. The current price is oscillating between the middle band and the short-term moving averages.
On the daily chart, the price has been below the middle band for several days, so the middle band can serve as a relatively strong resistance level. The short-term moving averages on the daily chart are turning downward, and the 30-day moving average has been tested multiple times without effective breakthrough. Overall, the daily trend remains downward, with a support level around 2880.
MACD: On the four-hour chart, the MACD double lines are parallel below the zero axis, with the fast line below the slow line. The bearish momentum continues to weaken. On the one-hour chart, the double lines are showing an upward crossover trend, but the bullish momentum is weakening.
RSI is in the normal trading range, with a value around 67-65.
Conclusion: Market is consolidating.
Resistance levels: 2980, 3080, 3240
Support levels: 2870, 2790, 2620
High short strategy: Short position near 2980, add at 3080, stop loss above 3240.
Low long strategy: Long position near 2870, add at 2790, stop loss below 2620.