Ethereum's recent 1-hour trend is interesting—Bollinger Bands are narrowing, repeatedly near the moving averages, suggesting either resistance or a breakout. However, a closer look at MACD shows good momentum above the zero line, with the fast and slow lines forming a golden cross and stabilizing, indicating that the bulls still have strength. The RSI briefly dipped close to 30, which is just a shakeout pattern and does not 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 this is actually a buildup of strength, not the arrival of a bear trend.

From a trading perspective, this position should be confidently bullish. Relying on key support levels to accumulate positions in batches, and closely watch for volume increases after breaking through the moving averages. For long positions, place stops at the core support level on the 4-hour chart, waiting for a bullish rebound after the buildup phase.

Specific operation: go long around 3150-3100, with an initial target of 3250. If broken downward, then watch for 3300. The trends of Bitcoin and Binance Coin are also under observation.