Today, Ethereum is repeatedly tugging around the 3300 level, currently at approximately $3312, with a 0.49% increase within the past hour. In the short term, both bulls and bears are still testing each other's confidence.

From a technical perspective, the situation is actually quite clear. The 1-hour candlestick chart shows alternating small bullish and bearish candles moving sideways, with volume remaining tepid and lacking momentum. This indicates that the main funds are still on the sidelines, and both sides are waiting to see who will make the first move. Although the MACD shows some weakness, it hasn't deteriorated significantly, and the Bollinger Bands have noticeably narrowed, which usually signals that the price is about to choose a direction—most likely consolidating within the 3300 to 3330 range. Once a breakout occurs above the resistance level, volatility will quickly expand.

From the daily chart perspective, the retracement strength is weakening. The bullish momentum on the hourly chart is still holding, with more enthusiasm for buying on dips than for selling off, giving us some optimistic signals. The key is whether it can hold above 3315; if it does, the resistance at 3350 will be within sight. Conversely, if the strong support at 3300 is broken, then 3280 will be the first quick target for confirmation.

From a trading standpoint, long positions can be tried within the 3300 to 3305 range, with stop-loss set at 3275, and targets at 3330 to 3350. Take profits when encountering resistance and avoid greed. Short positions should only be considered when facing resistance around 3340 to 3350, with a stop-loss at 3365, and targets at 3310 to 3300 for a pullback. If the price is stuck between 3310 and 3320, the smartest move is to sit tight and do nothing, waiting for either a breakout above 3330 or a drop below 3300, which will improve the probability of success.