Currently, Ethereum is oscillating around 2970, with a technical structure showing signs of weak rebound. Although the price has rebounded from the support level of 2960, the hourly chart is approaching a key resistance zone, and multiple indicators are signaling weakening momentum.

From a technical indicator perspective, the price is clearly under pressure near 2975, close to the middle band of the hourly Bollinger Bands and the lower edge of the previous small-cycle consolidation platform, forming a short-term critical resistance. During the rebound, trading volume has continued to decline, exhibiting a typical volume-price divergence structure. Meanwhile, the MACD indicator has formed a death cross above the zero line and continues to decline, with the green momentum bars slightly expanding; the RSI hovers around the 50 midline without a strong breakout, indicating that bullish momentum is waning.

If the price cannot effectively break through the 2980-3000 resistance zone, it is expected to test the 2960 support again. Once this level is broken with increased volume, the short-term structure will further turn bearish, with downside targets potentially reaching the 2930-2900 range. Overall, it is advisable to maintain a cautious bearish bias below the key resistance levels, but attention should be paid to the risk of the bearish structure failing if the price strongly stabilizes above 3000. #加密行情预测 $ETH