【Market Overview】 As of 5:00 PM on January 18, Ethereum is quoted at $3314.07, with a 24-hour increase of less than 1% (0.58% gain). The recent one-hour volatility has narrowed to around 0.10%, indicating a typical high-level consolidation phase.

From a technical perspective, the one-hour K-line shows continued bullish momentum, with the price staying close to the upper Bollinger Band. The dense moving average band between $3293 and $3296 has formed a key support level. Both bulls and bears are fiercely contesting the $3300-$3330 range, with resistance above at $3350, and supports at $3280 and $3230 respectively.

Interestingly, although the MACD remains below the zero line, the histogram has started to expand—this, combined with recent signals of decreasing ETH exchange reserves on-chain, suggests that short-term upward momentum is indeed dominant. The market is like a compressed spring; after narrow fluctuations, a decisive move is likely.

【Trading Strategy】 In the short term, consider a light long position around $3290, targeting the $3330-$3350 range, with a stop-loss below $3280. However, if the price fails to effectively break through the $3350 resistance, be alert to a pullback risk, and prepare for quick entry and exit, strictly controlling position size. Keep a close eye on volume changes and whether key levels can be broken—these two signals are crucial.