Ethereum recent 1-hour trend is interesting—Bollinger Bands narrowing, repeatedly near the moving average, it looks like it’s either facing resistance or about to break out, but a closer look at MACD shows good volume above the zero line, with fast and slow lines forming a golden cross and stabilizing, so the bulls still have strength. The RSI pulling back close to 30 is just a shakeout pattern and doesn’t indicate a weakening trend.

The 4-hour timeframe provides a clearer picture. The support level formed by MA120 and MA500 is very important, with heavy buying around yesterday’s low. Additionally, MACD shows a second divergence below the zero line—this is a typical bullish reversal signal. KDJ and RSI are a bit sluggish in the short term, but that’s actually building up strength, not the arrival of a bear trend.

From a trading perspective, this position should be confidently bullish. Relying on key support to accumulate positions in batches, paying close attention to whether there’s increased volume after breaking through the moving averages. The long position defense should be placed at the 4-hour core support level, waiting for the bullish rebound after the buildup.

Specific operation: open long positions around 3150-3100, with the first target at 3250, and if broken, then watch for 3300. The trend of Bitcoin and Binance Coin is also under observation.