Ethereum's recent trend has maintained an interesting pattern—moderate volatility but leaning towards strength. This can be observed from the MACD resonance across multiple timeframes. Currently, the price is around $3,150, with yesterday's fluctuations being minimal, with a decline of less than 0.11%.

From a technical perspective, there are several positive signals in the short term. The KDJ has already experienced a golden cross, and the RSI is trending upward, indicating that short-term momentum is still present and bullish enthusiasm is relatively high. The price position is also favorable—stably above the middle band of the Bollinger Bands, which typically suggests solid support at the bottom.

The key support zone is between $3,100 and $3,119, essentially the intersection of the middle Bollinger Band and the EMA. Looking upward, the resistance levels of $3,150 to $3,200 are the immediate hurdles. If this range is effectively broken, then the $3,220 to $3,240 zone could become a stronger resistance.

However, there is a hidden risk—currently, trading volume is decreasing, with both bulls and bears on the sidelines. A genuine breakout would require an increase in volume to confirm, otherwise, it could turn into a false breakout or a quick pullback after a spike. In this situation, it is wise to be cautious about short-term upward movements.