ETH recently encountered resistance on the 4-hour cycle, with the price repeatedly testing the upper boundary of the central zone. The multi-cycle signals from the Chan Theory are already quite clear. Instead of guessing the trend blindly, it's better to rely on technical analysis to guide your actions.

From the chart, the 4-hour central zone is locked between 3000-3350 USDT. As long as the price does not break through this range effectively, we treat it as a consolidation. Recently, the MACD green bars have been enlarging, indicating that the bullish momentum is gradually weakening. On the 1-hour chart, a divergence signal has already appeared, followed by a pullback. The 30-minute cycle is even more interesting; a weak divergence has emerged, suggesting a short-term rebound may be starting.

Remember these key levels: support at 3250 USDT (corresponding to the divergence low on the 30-minute chart), the waterline at 3290 USDT (the middle band of Bollinger Bands), and resistance concentrated at 3350-3380 USDT (including the upper boundary of the central zone and previous highs).

In terms of trading strategy, short-term traders can consider opening long positions lightly in the 3280-3300 range, with a stop-loss below 3250. If the rebound reaches the resistance zone and a second divergence appears, it’s time to decisively close positions for profit or switch to short. Longer-term traders should be more patient, waiting for a clear breakout or breakdown signal on the 4-hour level before acting. Chasing the market within consolidation zones often leads to quick losses.