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Today's ETH trend analysis
Due to the weekend, the overall trend is in a stage of consolidation and fluctuation. Before breaking through key resistance or falling below key support, the price is likely to remain in a range-bound fluctuation.
Long: Operational Point Analysis
If the price effectively breaks above the upper Bollinger Band and is accompanied by an increase in trading volume, a small long position can be attempted, targeting the previous high. Set the stop loss at the low point of the fluctuation to prevent false breakouts.
You can wait until after Powell's speech at ten o'clock tonight to open a position; personally, I am currently bearish.