How is ETH doing now? The latest quote is $3,314.07, with a 24-hour increase of only 0.58%. It seems lukewarm, but the story on the one-hour chart is exciting — both bulls and bears are testing each other in a critical zone, and a trend reversal signal is about to appear.

From the candlestick and moving average analysis, the price has been staying above multiple EMAs, forming an initial bullish arrangement. The Bollinger Bands have recently tightened and started to move upward, with the current price running just below the upper band, indicating that the bulls are gathering strength. The MACD shows alternating green and red bars, but the key point is that the downward momentum is clearly weakening, and signs of energy conversion are emerging. Coupled with a volume-reducing pullback, the overall picture looks like a healthy consolidation building up strength.

Where is the core of the tug-of-war between bulls and bears? The first line of defense above is $3,330. As long as a volume-backed breakout and stabilization occur, it’s very likely to directly push toward the $3,345-3,350 range. The support below focuses on the $3,300 integer level, reinforced by the previously confirmed strong support zone at $3,280, forming a two-layer protection. The real variable is trading volume — if volume is insufficient, the market may oscillate between $3,300 and $3,330, with a risk of false breakouts; on the other hand, once volume breaks out, a new upward space could open at any time.

How to operate? Aggressive traders can try a small position on the long side at $3,310-3,315, with a stop loss below $3,280. Conservative traders should wait — either look for a volume breakout above $3,330 followed by a pullback for confirmation, or wait until $3,300-3,305 support stabilizes before going long. It’s worth noting that currently, Bitcoin’s influence on the crypto market is very strong, and macro news could trigger surprising volatility at any moment. When trading short-term, be sure to strictly control your position size and react quickly.