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Ethereum's latest quote hovers around $3301.8 and fluctuates repeatedly. Today's trend is relatively weak, with the one-hour K-line only oscillating within a 0.4% range. The Bollinger Bands have already contracted significantly, and the moving average defense line is in the range of 3293 to 3296. The bullish momentum is also waning, and the MACD indicator shows weakness. Market sentiment is highly cautious, and a breakthrough above $3303 is needed to show some action. The support level below is at $3276. From a technical perspective, the turning point is getting closer, and the performance at these two price levels will be crucial.