ETH

On the 26th, during the daytime, it moved sideways at a high level after an upward trend. Around 10 PM, the bullish momentum couldn't sustain the high level and started to decline rapidly, breaking below 2900 again, then rebounded to around 2930 and oscillated.
Technical Analysis
Bollinger Bands 1-Hour Analysis
The Bollinger Bands are contracting and moving parallel downward, with the upper band at 2988, the middle band at 2941, and the lower band at 2894. The candlestick did not stabilize above the middle band last night and then directly broke below the lower band. Currently, it has retraced to between the lower and middle bands.
MA 1-Hour Analysis
MA5 corresponds to a price of 2926, MA10 to 2923, and MA30 to 2941. MA5 and MA10 broke below MA30. At 6 AM, MA5 crossed above MA10 to form a golden cross.
MACD 1-Hour Analysis
Both lines are below the zero axis. On the night of the 26th, a death cross formed and moved downward. The bearish momentum is gradually weakening, and the fast and slow lines are converging.
RSI 1-Hour Analysis
The two lines formed a golden cross during the oversold phase after 1 AM, but now the lines have formed a death cross.
Comprehensive Analysis
Currently, it is in a low-level sideways consolidation phase. During the day yesterday, there were two failed attempts to break above 3000. In the evening, the bullish strength was insufficient, and it broke below 2900 but did not effectively break through 2900. It has tested the 2900 support five times. It is now moving sideways at a low level, with a high probability of a small rebound followed by another attempt to break through 2900, heading straight for 2800.
Resistance: 2960
Support: 2900
Strategy: Short-term long positions. Currently oscillating within the 2900–2960 range, with weak rebound strength. It may not rebound to the upper boundary at 2960, so a short position can be established around 2950. If it continues to rise toward 2980, add positions at 1:1/2/3 ratios. Place a stop loss on a clear break above 3000. If it falls to around 2900 and rebounds weakly but breaks through effectively, take profit at 2800.