ETH is currently in a high-level consolidation phase after a volatile upward movement. After a surge with increased volume earlier, it pulled back to digest the gains at a high level, but the overall structure remains intact. The pullback is mainly a technical correction after the rise. As long as the key support below is not broken, the trend remains bullish.

From the indicators, the upper Bollinger Band is around 3186, the middle band is at 3150, and the lower band is at 3109. The middle band is moving upward, and the price is oscillating around the middle and upper bands. The upper band is flat, indicating short-term consolidation, but the middle and lower bands are rising, so the bullish trend is still in place. A pullback that does not break the middle band indicates strong consolidation, but a volume-driven breakdown warrants caution for a potential decline. The MACD is above the zero line, with the momentum histogram shrinking but not turning green, indicating a high-level pause or correction. After volume decreases, there is still upward momentum; however, if volume increases and the MACD turns green and breaks below zero, the market may weaken.

In terms of trading, long positions can be entered around 3110 - 3080, with targets at 3180 - 3250, and a stop loss below 3050; short positions can be entered around 3225 - 3250, with targets at 3150 - 3100, and a stop loss above 3270. Currently, ETH is in a high-level oscillation phase, not a trend reversal. Do not chase the market or act emotionally. Maintain strict risk control and patiently wait for opportunities! If you find this useful, give a follow and save for later~