#美国核心物价涨幅不及市场预估 January 18th ETH Technical Outlook: Are You Waiting for a Signal

Ethereum's current state is quite typical—it's finished dropping, taking a break, but not ready to rebound yet. The highs are getting lower, and during rebounds, the price can't gain momentum. The overall situation is a weak consolidation.

How to read the 1-hour K-line?

The price is oscillating between 3300 and 3335, repeatedly testing these levels. When it hits 3335-3350, it gets pushed back down. Although the MACD bearish momentum is waning, it hasn't truly turned bullish; the RSI hovers around the midline at 50, and market sentiment is indecisive, with no clear direction. In simple terms, neither bulls nor bears dare to fully commit.

The 4-hour chart is clearer:

The price is stuck below the middle band of the Bollinger Bands, showing obvious weakness. The previous high around 3400 has become a solid barrier that can't be突破. Moving averages are flattening out, but there's no sign of bullish divergence yet; MACD remains below zero, indicating the bearish framework is still intact.

Truth about volume:

During this sideways period, volume has significantly shrunk. Big players are watching, and the market is waiting. This is why the rebound can't gain traction—no one is willing to take on new positions.

Current key levels:

• Resistance above: 3335-3350

• Support below: 3250-3280

How to operate?

We're still in the technical repair phase. Although the decline has slowed, it's not enough to reverse the trend. Unless there's a volume breakout above the 4-hour middle Bollinger Band (around 3350), this weak oscillation pattern will continue. It's advisable to stay cautious near resistance zones, avoid rushing into long positions, and wait for the market to give a clear directional signal.