【ETH One-Hour Chart Analysis: Running within the Uptrend Channel, Entering Resistance Zone, Watch for Pullback Confirmation】

The current Ethereum 1-hour chart shows the price is within a clear short-term upward channel. The price is close to the upper boundary of the channel and is above all short-term moving averages (MA5-MA100), indicating a strong short-term structure. However, the RSI (64.45) has entered the overbought zone and is approaching the channel's upper boundary, so caution is needed for a technical pullback after short-term overbought conditions.

Hourly Technical Highlights:

1. Channel Movement: The price has built an upward channel between 3,315-3,340. It is currently testing the resistance at the channel's upper boundary. Whether it can break through will determine if the short-term momentum accelerates.
2. Moving Average Support: The moving averages are in a standard bullish arrangement, with MA5 (3,330.56) and MA10 (3,326.20) forming immediate dynamic support. Stronger support is at MA20 (3,317.58) coinciding with the lower boundary of the channel.
3. Momentum Indicators: MACD has formed a golden cross above the zero line, but the red momentum histogram (MACD: 3.012) shows slight shortening, and the DIF line is flattening, indicating a slight weakening of upward momentum and a potential bearish divergence risk.
4. Key Levels: The upper boundary of the channel (around 3,340) and the previous high of 3,346 form a combined resistance. The lower boundary of the channel and MA20 (around 3,317-3,320) constitute core support.

Short-term Trading Strategy:
Currently approaching the channel's upper boundary resistance, it is not advisable to chase the long position. The strategy should be “If the upper boundary is not broken, consider shorting; wait for a pullback to support before going long.”

Summary: ETH's hourly upward structure remains intact, but it has entered a resistance zone. Short-term, there is a high probability of fluctuations—either a breakout with acceleration or a pullback to support. Traders should avoid opening new long positions near resistance levels and patiently wait for a low-risk long opportunity after a pullback or use resistance levels for short-term trading on dips. #周末行情分析