ETH

Yesterday, there was a one-sided decline from day to 10 PM, with two unsuccessful attempts to break the 2900 support level, leading to a small wave of fluctuations, but the rebound strength was weak, returning to a narrow fluctuation range.
Technical Analysis
Bollinger Bands 1 Hour Analysis
The Bollinger Bands are narrowing, with the upper and lower bands parallel. The upper band is at 2989, the middle band at 2953, and the lower band at 2918. The K-line has rebounded and broken above the middle band, stabilizing near it, and is currently oscillating around the middle band.
MA1 Hour Analysis
MA5 corresponds to a price of 2966, MA10 corresponds to a price of 2955, MA30 corresponds to a price of 2967, and MA60 corresponds to a price of 2991. A golden cross formed between MA5 and MA10 at 4 AM, indicating an upward trend, but neither broke through MA30, which has created short-term resistance.
MACD 1 Hour Analysis
The double line is located below the zero axis, forming a golden cross at around three in the morning, with the opening parallel and upward. Currently, the bullish volume is gradually weakening.
RSI 1 Hour Analysis
The fast line value is 94.7, and the slow line value is 93.2, indicating an overbought phase. A correction back to the normal range is expected soon.
Comprehensive analysis
Currently in a low-level consolidation phase, yesterday's attempt to break down below 2900 failed, but the rebound strength is weak, and the MACD shows that bullish momentum is starting to weaken, with the RSI in the overbought phase. A wave of decline is expected afterwards.
Pressure: 3000
Support: 2900
Strategy: Short position at around 3000 for the first order, continue to rise to 3030 to add positions 1:1/2/3, stop loss at 3060, take profit at 2900 $ETH