ETH

Bollinger Bands: From the four-hour chart, after the price fell below the lower band last night and then pulled back, it started to decline after rising to the pressure level of the 10-day moving average. The current price shows a trend of testing the lower band again. The Bollinger Bands on the four-hour chart have widened, with a short-term resistance level near 2986.
Looking at the 1-hour chart, the three lines of the Bollinger Bands are parallel and trending downwards, with the short-term moving averages turning downward. The current price is running between the short-term moving averages and the lower band. If the subsequent rise fails to effectively stabilize at the middle band, the market will continue to decline, with a short-term resistance level near 2910.
MACD: The MACD double lines on the 4-hour chart have formed a death cross and are trending down, about to cross below the zero line, with bearish momentum starting to increase. On the hourly chart, the double lines are below the zero line and are about to converge, with bullish momentum weakening.
The RSI is in the overbought phase, corresponding to a value of 89-83.
Conclusion: The market is fluctuating with a downward bias.
Resistance levels: 3020-3160-3270
Support levels: 2810-2717-2620
High-altitude strategy: establish a short position near 3020, add to the position at 3160, and set a stop loss above 3270.
Long strategy: Establish a long position around 2810, with an additional buy point near 2720, and stop loss below 2620.