Recently monitoring the 1-hour K-line of ETH, I found several interesting signals to share.

Currently, Ethereum's price is around 2950, stuck between the middle and upper bands of the Bollinger Bands, with the bands continuously narrowing — this usually indicates an imminent directional breakout. Looking at the MACD indicator, the yellow and white lines are close above the zero axis, showing signs of divergence upward. Although the green histogram is still relatively small, it hasn't disappeared completely, indicating that the bullish momentum is accumulating.

From the trend, the short-term correction phase should be nearing its end. In recent days, every dip in price has been stopped by the middle band, and the support zone around 2938-2940 has been very solid. The current sideways consolidation seems more like digesting previous profit-taking and preparing for the next upward move. Once the volume gradually increases and breaks above the upper band, the upward space will open.

The technical trading idea is as follows: if the price retraces to the 2940-2945 area and stabilizes, it presents a good low-position entry opportunity. For more aggressive traders, you can also open a small position near 2950 to try going long. But be sure to set a stop-loss below 2925; if it breaks, exit decisively.

The short-term target is first to reach the upper Bollinger Band at 2966. After stabilizing there, aim for the 2980-3000 round number resistance. No matter how you operate, risk management always comes first.