#战略性加仓BTC Recently reviewed the 1-hour chart of Ethereum and found some things I want to discuss with everyone.

$ETH current price is around 2950, stuck between the middle and upper bands of the Bollinger Bands, which is quite interesting. Observing that the upper and lower bands are narrowing, indicating that volatility is decreasing, and the market seems to be accumulating energy.
There are details with the MACD—yellow and white lines are close above the zero line, showing signs of slight divergence upward. The green histogram is still relatively short and has not turned red, indicating that the bullish momentum is still in the accumulation phase and has not been fully released.
From the price movement, several dips have been effectively supported at the middle band, with the support zone around 2938-2940 being relatively solid. The current sideways consolidation looks like digesting previous profit-taking orders, preparing for the next upward move. Once the upper band resistance is broken with increased volume, the upside space will open.
The ideal entry point is when the price retraces to the 2940-2945 area and can hold steady, which is a good low-entry point. If you are more aggressive, you can also try a small position to go long around the current price of 2950.
Setting the stop loss below 2925 is more reasonable; once this key level is broken, the short-term technical structure will weaken, and it’s better to exit and wait and see.
For targets, the first target is near the upper band around 2966. If it can hold above that, then look at the 2980-3000 round number zone.
Before entering, ensure your stop loss is in place and control your position size well. The market always knows best, and plans must be adjusted according to actual movements.