#ETh ETH/USDT 15-minute K-line shows an overall trend of oscillating upward with a slight pullback after a rally, which can be broken down into three core stages:

​•Early strong rally stage (19:15-01:00): The price rapidly rose from 3,182.00 to the intraday high of 3,307.82, with a series of consecutive bullish candles and increasing trading volume, indicating that the bulls are in control;​
•Mid-term high-level oscillation stage (01:00-06:45): The price fluctuated within the 3,250-3,300 range, repeatedly touching previous highs and pulling back, accompanied by shrinking MACD histogram and divergence signs in the KDJ indicator, intensifying market bullish and bearish disagreements;​
•Recent correction and recovery stage (06:45 to present): The price gradually declined from around 3,250.51, bottoming out at 3,230.93 before stabilizing, currently at 3,247.40. Although the MACD remains positive, its momentum weakens, and the KDJ enters overbought territory and turns downward, indicating potential further short-term correction pressure.
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​Combining technical indicators and buy/sell signals, the current market shows that short-term bullish momentum is waning, and caution is needed for a pullback. Support levels are around 3,230, with resistance in the 3,250-3,260 range.