【ETH 1-Hour Analysis: Challenging Previous High Resistance, Beware of Overbought Pullback】

#周末行情分析
Ethereum price continues its strong momentum on the hourly chart, with the current price (3,335.58) once again approaching the key resistance level at 3,346.76. Currently, the price is trading above all short-term moving averages (MA5-MA30), indicating a bullish short-term structure. However, RSI has entered the overbought zone, and a direct breakthrough of the previous high faces significant pressure. Caution is advised for a potential pullback after a rally.

Key Technical Signal Analysis:

1. Price and Resistance: 3,346.76 is a recent high that has been tested multiple times without success, forming a strong horizontal resistance. Until volume confirms a breakout above this level, all upward movements remain within a range. A confirmed breakout is the only signal to open the short-term upside space.
2. Moving Averages and Support: The moving averages are arranged in a bullish alignment, providing multiple layers of support. The first support is around MA5 (3,329.52) and MA10 (3,324.63). The second solid support is in the 3,315-3,318 range where MA20 and MA30 converge. This area is also the lifeline of the recent upward trend.
3. Momentum Indicators: MACD remains in a golden cross above zero, but the red momentum bars (MACD: 1.72) are of moderate length. The difference between DIF (7.01) and DEA (5.28) has not significantly widened, indicating that bullish momentum has not strengthened before the key resistance, raising concerns of divergence.
4. Volume and Sentiment: Trading volume has not shown abnormal expansion, and market sentiment for chasing highs is cautious. RSI is at 67.09, clearly entering the overbought zone, increasing the likelihood of a short-term technical correction.

Summary: ETH hourly chart is in the final stage of short-term strength testing, facing a critical node of “breakout” or “pullback.” The overbought RSI at resistance is a clear warning signal. It is not advisable to blindly chase longs here; a more rational approach is to wait for the market to give a clear direction before entering.

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Disclaimer: The above analysis is for market opinion sharing only and does not constitute any investment advice. Cryptocurrency volatility is extremely high; please ensure proper risk management and make independent decisions.