ETH

On the 5th, it consolidated during the day, dipped down in the evening, then started to rally breaking through 3200. Currently holding steady above 3200, consolidating at high levels.

Technical Analysis

Bollinger Bands 1-hour analysis
Bollinger Bands expanding upward, upper band 3261, middle band 3211, lower band 3161. Broke above the upper band at 4am this morning, then pulled back below the upper band. Currently attached to the middle band.

MA 1-hour analysis
MA5 corresponds to price 3223, MA10 corresponds to price 3221, MA30 corresponds to price 3198. MA5 and MA10 are rising and holding above MA30, K-line holding above MA30. MA5, 10, 30 arranged from top to bottom with expanding spreads increasing upward, showing one-way upward movement.

MACD 1-hour analysis
Dual line above zero axis. Formed a death cross downward at 10am this morning, bearish momentum gradually increasing.

RSI 1-hour analysis
Dual line formed death cross downward in overbought territory around 4am this morning. Currently fast and slow lines at the edge of oversold territory, about to form golden cross upward.

Comprehensive Analysis
Currently holding steady at 3200, oscillating within the 3200-3240 range.

Resistance: 3265
Support: 3200

Strategy: Short at high levels. Open short position around 3265, if continues rising to around 3300 can average down 1:1/2/3, effective break above 3350 stop loss, 3169 take profit$ETH