Ethereum's technical outlook remains bearish, with the daily MACD continuously shrinking, indicating insufficient rebound momentum; the four-hour moving averages are flat, and the overall trend is in a weak correction phase, suggesting limited intraday volatility. Short-term resistance levels are around 3160 and 3200, while support levels are near 3050 and the 3000 integer mark. The key focus is whether the evening US session can break the current stalemate and volatility range.

Overall, the market currently lacks clear driving logic, and the range-bound pattern is unlikely to change in the short term. Today, two key events should be closely watched: US CPI data, which will influence inflation expectations and Federal Reserve policy outlook, and speeches by Federal Reserve officials, which may signal new policy directions. Both are expected to be critical variables in breaking the current consolidation.
Ethereum reference: Buy on dips at 3116, target 3176, with a 30-point stop-loss.