#ETH

Conclusion: Volatile Uptrend

Warm Reminder:
CPI data will be released tonight. All traders should pay attention to position management.
Both resistance and support levels can serve as entry points (averaging down points).

Upper Resistance: 3300/3220/3150

Lower Support: 3125/3060/2980

Recommended Trading Strategies:

Long Position Strategy: If the rebound fails to firmly establish above 3150, open a short position at the initial entry point, with additional entries near 3300. Stop loss above 3300 after a confirmed breakout.

First Take Profit: 3120 / Second Take Profit: 3060

Short Position Strategy: If the pullback does not break below 3125, establish an initial long position (aggressive). For a more conservative approach, establish an initial long position near 3060, with additional entries near 2980. Stop loss below 2980 after a confirmed break below.

First Take Profit: 3150 / Second Take Profit: 3220

(Adjust take profit and stop loss according to your own positions)
Bollinger Bands: The current 4-hour chart shows Bollinger Bands with three lines trending upward, corresponding to prices 3147--3112--3077. The current hourly chart shows Bollinger Bands opening with the middle band trending horizontally upward, with three lines at 3140--3113--3085.

The 4-hour chart's short-term MA5 is turning upward, with the price currently trading between MA5 and MA60. The pullback has not broken below MA10 at 3025, indicating a secondary upward movement. The hourly chart's MA5 is also turning upward, with the price currently trading above MA5.

MACD Indicator: On the 4-hour chart, the two MACD lines are below the zero axis, but the fast line is about to cross above zero, indicating increasing bullish momentum. On the 1-hour chart, the slow line is about to cross above zero, with both lines forming a golden cross and upward movement, and bullish momentum bars gradually strengthening.

RSI Indicator: The RSI is currently in the normal trading range, corresponding to prices 53--41.