1.6 Tuesday midday market analysis

From a technical perspective, Ethereum has recently been in a consolidation range. The price fluctuates between 3207 and 3228, with resistance near 3232 and some support below. In the moving average system, the short-term MA7 and long-term MA30 are relatively close, indicating that the bullish and bearish forces are temporarily in balance. In the MACD indicator, the DIF line and DEA line are below the zero axis, with the DIF line below the DEA line. Although the green bars are short, they show a gradual increasing trend, indicating that short-term bearish momentum has a slight advantage.
The price is oscillating within a relatively narrow range, lacking a clear breakout direction.
The MA7 and MA30 are close to merging, suggesting a potential directional choice in the short term.
MACD signal: The appearance of green bars indicates that bearish momentum has strengthened, but the current strength is not very strong.
ETH trading suggestion: Short at 3230-3260 with a stop loss at 3310, take profit at 3180-3150