ETH Analysis

The four-hour Bollinger Bands are slightly opening, and after price consolidation, it breaks above the Bollinger Bands. Following the short-term moving averages crossing in a confluence pattern, MA5 and MA10 are beginning to turn upward, looking to test MA240. The MACD fast and slow lines are above the zero line, with a golden cross opening, indicating increasing bullish momentum. The RSI fast and slow lines are crossing in the normal range, showing a horizontal trend. On the one-hour chart, the Bollinger Bands are opening, and the price has broken above the upper band. The short-term moving averages are turning upward, and the MACD fast and slow lines are above the zero line with a golden cross, indicating upward momentum that has not yet closed. The bullish volume is increasing. The RSI fast and slow lines are rising into the overbought area, with the fast line beginning to turn downward.
Conclusion: The market is rising but not breaking previous highs, followed by oscillation and pullback.
Resistance: 2994 3063 3104
Support: 2960 2924 2889
Strategy: Short if it rises again without breaking 2990, add positions at 3019. Stop loss at 3063.