Recently, ETH completed a nice rally and is now entering a consolidation phase at high levels. The resistance above is clearly evident, and there hasn't been any aggressive dumping on the downside; instead, funds are supporting at lower levels. This is a typical shift from a trending market to a range-bound consolidation.

From the indicators, the BOLL (Bollinger Bands) clearly show that—the upper band at 3375, the middle band at 3322, and the lower band at 3268—all three lines are flattening. What does this indicate? The strong upward surge has come to an end, and the market is now digesting and consolidating. Prices are oscillating around the middle band, showing no clear breakout upward nor panic selling downward. Both sides lack real momentum, and chasing the market at this stage is essentially gambling.

The MACD also confirms this—red bars above the zero line are shrinking significantly, and the fast and slow lines are flattening, indicating that bullish momentum is waning. But this is not a sign of the bears gaining strength; rather, it’s a period of consolidation after bullish profit-taking. Short-term oscillations are normal.

**The trading strategy is straightforward:**

For long positions, buy on dips within the 3235-3260 low zone, targeting the resistance zone at 3340-3380. Set stop-loss below 3210 as a safeguard.

For short positions, sell at the rebound high of 3380-3405, with a target of 3260-3320 on the pullback. Place stop-loss above 3430.

The core logic is: in a high-level consolidation environment, never chase the market blindly. Reliably rely on range trading—buy low and sell high within the defined intervals, set proper stop-loss rules, and only follow the trend once the direction is clearly established. Trying to be greedy now will only lead to being trapped.