The four-hour trend of Ethereum is worth paying attention to. The current price is around 3290, showing a pattern of a sharp rise followed by a pullback and narrow-range consolidation. The bullish structure is still intact, but momentum is waning. Recently, the market has mainly been consolidating and building up strength. Future focus should be on volume performance and the breakthrough or failure at key levels.

From the price pattern, several recent candlesticks have closed higher consecutively, indicating significant strength. The daily breakout above the previous high of 3264.59 reached as high as around 3307.43, close to the 3300 level. On the four-hour MACD, the DIF and DEA lines remain diverging upward, and the histogram is enlarging, indicating that bulls still have considerable energy. The RSI(14) is currently at 81.35, entering overbought territory, but it has not yet pulled back from the high levels, reflecting a strong market condition. Looking at the moving averages, the price has stabilized above EMA7, EMA30, and EMA120, especially with the short-term EMA7 rising rapidly, providing support for the price.

Regarding key levels, 3300 is an important resistance zone on the daily chart. If broken, the price may continue upward toward 3350. On the downside, 3180-3190 is a recent key support (a breakout and retest level plus MA50). If this zone is broken, the price could continue to fall back toward around 3133 (yesterday’s low).

From a trading perspective, consider short positions around 3310-3330, with targets at 3260, 3220, and 3180. This strategy is time-sensitive and for reference only.