ETH

On the 1st, it hovered around 3000 without breaking down; on the 2nd, it rose and broke through 3100, then continued to consolidate at a high level. This morning, it broke above 3200 upwards.
Technical Analysis
Bollinger Bands 1-Hour Analysis
The Bollinger Bands are widening and moving upward, with the upper band at 3168, the middle band at 3142, and the lower band at 3112. It stabilized above the middle band at 7 AM, and started breaking above the upper band at 8 AM. It is currently still above the upper band.
MA 1-Hour Analysis
MA5 corresponds to a price of 3160, MA10 to 3147, and MA30 to 3140. MA5 and MA10 have stabilized above MA30. The candlesticks are above MA30, with MA5, MA10, and MA30 arranged in order from top to bottom. The bands are widening and moving upward, indicating a one-sided upward trend.
MACD 1-Hour Analysis
The two lines are above the zero axis, forming a golden cross at 8 AM and trending upward. The bullish momentum is gradually increasing.
RSI 1-Hour Analysis
The two lines formed a golden cross during the oversold phase after 3 AM this morning. Currently, the fast line is in the overbought zone, and the slow line is about to enter the overbought zone. The two lines are opening upward.
Comprehensive Analysis
Currently oscillating around 3200, observing how the momentum develops. It is similar to the market trend predicted on the 31st, forming a head and shoulders top. A decline may begin afterward.
Resistance: 3220
Support: 3100
Strategy: Shorting at high. Open a short position near 3220. If it continues to rise to around 3280, add positions at 1:1/2/3 ratios. Place a stop loss with a clear breakout above 3300 and take profit at 3100.