Ethereum hourly trend is at a sensitive point. As of 6:00 PM on January 18, ETH is quoted at $3,314, with a 24-hour increase of less than 1%, repeatedly tugging around the $3,310 level.

The short-term rhythm is quite clear: when approaching the previous high-pressure zone at $3,350, there is some volume but insufficient momentum; looking further up to the $3,400 psychological barrier, without a significant breakthrough, it could easily trigger a pullback from high levels. The situation below is also worth noting: the $3,280 level has been tested multiple times and has become the first line of defense. If the hourly candle closes below this level and cannot recover, then attention shifts to the $3,230-$3,180 range.

More interestingly, the daily chart is currently showing a converging symmetrical triangle pattern at the end, with all hourly multi-timeframe indicators aligned, which usually indicates accumulation before a major move. The bulls and bears are in a tug-of-war, but the probability of a breakout is increasing. The next few hours could be a turning point.