#美国核心物价涨幅不及市场预估 January 18th, Ethereum performed quite aggressively this week. Starting from a low point, it surged relentlessly, stepping on key resistance levels one by one, with the price approaching previous highs, showcasing a classic bullish display. Although there were a few technical pullbacks in between, the dips were minor, and after repeatedly testing support levels, the price rebounded immediately, demonstrating strong buying resilience.

Currently, the market has entered a crucial narrow-range consolidation phase. The lows are rising, and the highs are pushing upward, clearly indicating that the bullish trend is still ongoing. Technical signals are also favorable: the daily Bollinger Bands are opening upward, with the upper and lower bands continuously expanding, leaving room for further price increases. The 4-hour moving average system is aligned upward, forming layered support. Although MACD shows some divergence at high levels and KDJ has formed a dead cross, these are short-term adjustment signals; the sideways consolidation is mainly digesting profit-taking.

The focus now shifts to the 3300-3400 range. The battle between bulls and bears is intense, but support remains solid: the 3250-3295 zone is a dense area of moving averages, which should be watched closely if broken. On the upside, the 3400-3550 resistance band is key. If volume supports a breakout above this zone, a new upward wave could begin, targeting 3600 or even higher. Conversely, if support is broken, prepare for a correction.

Overall, the strong market structure remains intact. After some consolidation, the probability of continuing upward is higher. $ETH is recommended to buy on dips around 3295-3250, with targets at 3400, and if broken, then 3550. $BTC $BNB