Ethereum's recent movements are quite interesting. Yesterday, the price attempted to break above the upper Bollinger Band on the 8-hour chart but failed, instead turning downward. After crossing below the lower band, it rebounded back to the previously analyzed opening zone. Those who followed this correction should be able to make some gains today.

On the 4-hour chart, the Bollinger Bands are very tight, and after the price broke below the lower band, it rebounded and tested the band again. However, all moving averages are pointing downward—MA5 and MA10 have already formed a death cross and crossed below MA60. The MACD has formed a complex cross below the zero line, indicating that the bearish momentum appears unstable. The RSI's fast and slow lines are also heading downward in the normal zone, with a death cross. On the 1-hour chart, the Bollinger Bands have widened, and after the price broke below the lower band, it also rebounded, attempting to touch MA5. The three moving averages are showing a complex downward cross pattern. The MACD is forming a death cross below the zero line, indicating weakening bearish momentum. Interestingly, the RSI's fast and slow lines are about to form a golden cross below the zero line, with the fast line already starting to rise.

Based on current signals, the market is likely to oscillate with a bias toward upward movement. In the short term, it may attempt to test higher levels, but the key is whether it can break through the 4-hour MA10—if it cannot surpass this level (which is also the 1-hour midline), it will probably continue to oscillate sideways.

Resistance levels: 3039, 3143, 3203
Support levels: 2890, 2809