From the ETH 1-hour chart, the current price is repeatedly testing around 3314. The technical indicators show several clear features: the price is being suppressed by the BOLL middle band at 3313.5, with the upper band at 3360 forming an effective resistance. The MACD lines are close to converging, and although the histogram has turned red, the momentum is clearly insufficient, which usually indicates a weak rebound. In terms of volume, only slightly over 10,000 contracts are traded, lacking effective support.

From the current pattern, the 3310-3315 zone is worth close attention. When the price repeatedly stalls within this range, consider a short position around 3313 with a stop-loss set above 3336. If the rebound is genuine and effective, 3336 will be broken through with significant volume confirmation.

The operational targets are relatively clear: the first target is around 3280, with further support at 3266. The advantage of this level is a relatively balanced risk-reward ratio, and the logical framework is straightforward. However, risk warning is also important—if the price breaks through 3336 with high volume, it indicates that previous judgments need adjustment, and a stop-loss should be executed immediately.

The current market is in a phase of oscillation and bottoming out, so light positions are the wise choice. Just like a compressed spring, the longer it is compressed, the more vigorous the rebound may be. Be prepared in this critical area, but let the market confirm the direction on its own.