ETH

The price moved sideways during the day on the 5th, then dipped downward in the evening, followed by a rally that broke through 3200. It has now stabilized above 3200, consolidating at a high level.
Technical Analysis
Bollinger Bands 1-Hour Analysis
The Bollinger Bands are widening and trending upward, with the upper band at 3261, the middle band at 3211, and the lower band at 3161. This morning at 4 AM, the price broke above the upper band, then started to retrace below it, currently hugging the middle band.
MA 1-Hour Analysis
MA5 corresponds to a price of 3223, MA10 to 3221, and MA30 to 3198. MA5 and MA10 are rising and stabilizing above MA30. The candlesticks are holding above MA30, with MA5, MA10, and MA30 arranged sequentially from top to bottom. The bands are widening and trending upward, indicating a one-sided upward movement.
MACD 1-Hour Analysis
The two lines are above the zero axis. At 10 AM, a death cross formed, indicating increasing bearish momentum.
RSI 1-Hour Analysis
The two lines formed a death cross during the overbought phase at around 4 AM. Currently, the fast and slow lines are near the oversold zone, about to form a golden cross and move upward.
Overall Analysis
Currently holding above 3200, consolidating within the 3200–3240 range.
Resistance: 3265
Support: 3200
Strategy: Short-term long position. Short near 3265, and if the price continues to rise toward 3300, consider adding positions at a 1:1/2/3 ratio. Place a stop loss above a confirmed breakout at 3350, and take profit at 3169.