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ETH repeatedly oscillates within the Bollinger Bands, and the trend remains within the range I pointed out 20 days ago. Let's take a look at these blue lines—here's the key point.
Now is the time to make a decision. At the start of the new year, a new trend direction may emerge.
Two scenarios:
**Break above 3100** → Jump out of the upper Bollinger Band → Potentially surge toward 3300-3500
**Hold below 3100** → Continue oscillating within the Bollinger Bands → Range-bound between 2850-3150
The price swings between 2850 and 3150, with the 3100 line becoming a critical dividing line. Either break upward to start a new trend, or continue consolidating. The market's next move depends on how this level performs.