Looking at ETH's 4-hour chart today, it's that kind of frustrating yet addictive market — stuck around 3145, swinging back and forth. The resistance at 3200 is just within reach but still out of grasp, while the support at 3050 is holding firm. But the money is hiding in this narrow range.

On the technical side, the KDJ is approaching overbought levels, and although the MACD has turned red, its momentum is weak — in other words, the rally is losing steam, and the decline can't go far either. This kind of situation often indicates a preparatory phase before a big move, or it could just be a pure consolidation.

Practical advice is as follows: if you want to catch the bottom, don't chase high. Stay around 3080-3100 and wait for a dip to buy in, as a pullback is quite likely. For those already holding positions, consider taking profits in batches around 3180-3200; don't be too greedy. The biggest risk in this kind of market is waiting for a better price and getting caught off guard — a friend sold some at 3170 a couple of days ago, earning a modest but solid profit, while another friend is still waiting to break 3200, only to be squeezed from 3170 down to 3100 before cutting losses.

Technical analysis and risk management are essential at all times, especially when the market isn't very clear. Steady operations, setting proper stop-losses, and scaling in gradually are much more reliable than dreaming of a sudden big payday.

What do you think? Has this consolidation finished, and will ETH head straight to 3300 or retest 3000?