Looking at this morning's market, ETH repeatedly tested the 3021 USD level but failed to break through. This phenomenon is worth a careful analysis. On the surface, it appears to be a rebound after a surge, but if you delve into the data, you'll find that it is actually the result of three layers of resistance.

First, let's discuss the current market situation. ETH's price is being tightly blocked by three resistance levels. Any single one of these can create a pullback pressure, and when combined, they are more likely to cause oscillations. This is not a subjective judgment but is confirmed by technical indicators and capital flow trends.

**Technical Resistance**: The upper band of the Bollinger Bands is currently around 3022.91 USD. This line acts like a ceiling for the price; once touched, it requires strong buying momentum to break through. Without sufficient buying support, it often encounters selling pressure here.

**Overbought signals are also quite clear**. The RSI indicator currently reads 76.96, well above the overbought threshold of 70. According to indicator logic, this position carries higher risk — the market is already overextended, and further upward movement could accelerate a pullback.

**Market sentiment also shows deeper divergence**. The 24-hour high reached 3038 but failed to hold, indicating strong selling pressure in this range. Meanwhile, the average cost of whale long positions is around 3060, suggesting that large funds are waiting for better profit opportunities.

Overall, the 3021 to 3050 range may continue to be a zone of repeated contention in the short term. Beginners can learn from this case how to use multiple indicators to assess risk levels, while experienced traders should also revisit their own logic regarding market sentiment.