Ethereum (ETH) is currently in a correction phase, with short-term moving averages showing signs of convergence, and the bulls and bears are temporarily evenly matched. From a technical indicator perspective, the bearish momentum of MACD is weakening, but a clear golden cross has not yet appeared. RSI is fluctuating around 50, indicating a neutral to slightly weak stance, with no definitive signals at the moment. The Bollinger Bands are quite interesting — the price is moving between the middle and upper bands, suggesting the market is in a stalemate, waiting for a decisive breakout.

The current market is oscillating within the 3100-3200 USD range. Once this key zone is broken, a new trend could be confirmed. It is recommended to stay cautious; if you choose to participate, keep a light position and set take profit and stop loss levels around 3200 and 3100 respectively. Until the technical signals clearly indicate a bullish or bearish move, it’s safer to proceed cautiously.