Ethereum broke below the upper Bollinger Band yesterday and is now oscillating near the middle band (@3251). On the daily chart, the MACD is about to complete this phase of movement, stuck at the upper edge of the Bollinger Band—whether it can hold this week will be a watershed moment. The KDJ has made a golden cross at high levels, but the RSI has already entered overbought territory, which seems contradictory. The 30-day moving average is at @3068; we need to see if it can hold this support today.

The 4-hour chart shows the Bollinger Band is still in an uptrend channel, but this trend is about to break. The MACD is above the zero line but starting to weaken, the KDJ is below the top, and the RSI is overbought (reading over @30)—overall, bearish signals are quite evident, and indeed there are shorting opportunities today. The 100-day moving average hasn't been broken yet, still holding above the Bollinger Band; the 7-day and 30-day moving averages have already crossed, with the crossover point around @3164.

The 1-hour level is interesting—the trend has completely reversed from bullish to bearish, with price already breaking below the 7-day, 30-day, and 120-day moving averages. The MACD below the zero line is showing rebound signs, the KDJ is making a small golden cross at low levels, and the RSI is at @38 with downward momentum—this suggests volatility may expand further. The key is whether trading volume can support this rebound wave, or whether it will consolidate here to rebound or just be a spike before continuing downward.