As of 8:00 PM on January 18, Ethereum's price has been hovering around $3,313 with no significant movement. The Bollinger Bands are already squeezed tightly, and all moving averages are entangled together. The bearish signals on the MACD are fading, and trading volume is noticeably sluggish. Looking downward, $3,280 is a relatively strong support level, and to break above, it needs to surpass $3,350. Currently, ETF inflows are still ongoing, providing some support. In the short term (1-hour timeframe), it's basically sideways consolidation. To achieve a breakout, sufficient volume is necessary. Conversely, once a breakdown occurs, don't be complacent, as volatility could be quite intense, and caution is advised.