Ethereum does not chase rallies or sell-offs

Currently, Ethereum remains in a high-level consolidation phase within an uptrend structure. After an initial surge, the price has pulled back from higher levels, but strong support is still evident below, with the overall structure intact. The short-term trend has entered a period of multi-versus-short competition.

BOLL: The upper band is near 3296, the middle band near 3244, and the lower band near 3192.
All three bands are contracting. The upper band is exerting resistance on the price, the middle band has become the key battleground between bulls and bears, and the lower band continues to rise, indicating that support from below remains strong. As long as the price does not break below the lower band area with conviction, the trend remains strong.

MACD: After the double lines formed a death cross at a high level, they have been moving downward. Green bars continue to expand but the momentum is starting to weaken. The short-term trend remains one of consolidation and repair, awaiting the next directional decision.

Long position strategy (buying on dips)
Entry: 3190 – 3170
Target: 3250 – 3320
Stop-loss: Below 3150

Short position strategy (selling on rebounds with defense)
Entry: 3295 – 3320
Target: 3220 – 3170
Stop-loss: Above 3345

The current market is in a high-level consolidation phase. Avoid chasing price movements in either direction. Focus on trading within the range—selling high and buying low—and patiently wait for the market to provide a clear direction.