ETH

Yesterday during the day, it fluctuated within a narrow range, consolidating at a high level. In the evening, it started to rise to 3075, but the bullish momentum was insufficient, then it dropped to 2960, and then there was another rebound back to the horizontal range around 3000 from yesterday, continuing to oscillate.
Technical Analysis
Bollinger Bands 1 Hour Analysis
The Bollinger Bands are widening, with the upper band at 3074, the middle band at 3026, and the lower band at 2977. The K-line has broken below the middle band and subsequently broke down through the lower band, rebounding back to the vicinity of the middle band, but is unable to effectively break through due to the pressure from the middle band.
MA1 Hour Analysis
MA5 corresponds to a price of 3010, MA10 corresponds to a price of 3009, MA30 corresponds to a price of 3020, and MA60 corresponds to a price of 2999. MA5 and MA10 formed a death cross around one o'clock in the morning, starting to decline, breaking below MA30, but not below MA60.
MACD 1 Hour Analysis
The fast line is above the 0 axis, the slow line is below the 0 axis, and the dual lines formed a death cross at dawn, currently the bullish volume is gradually decreasing.
RSI 1 Hour Analysis
The two lines formed a golden cross around four o'clock, moving upward from the oversold phase back to the normal phase, with the fast line value at 47.58 and the slow line value at 46.23, about to cross and form a death cross.
Comprehensive analysis
The high-level horizontal consolidation has failed to break through 3060, leading to a decline and rebound. Overall, the upward momentum is relatively weak, and analysis of the MACD and RSI indicators suggests that there will be a wave of downward trend in the future.
Pressure: 3060
Support: 2940
Strategy: Go short, establish a primary short position near 3050, if it continues to rise to 3080, you can add to your position at 1:1/2/3, set a stop loss at 3100, take profit at 2940 $ETH