Detailed analysis of Ethereum trends and stable trading suggestions (January 29th):

Ethereum (ETH) is exhibiting extremely low-volume, narrow-range consolidation on the 4-hour chart, with the price hovering around $2955. Short-term moving averages provide slight resistance, while medium-term moving averages offer precise support, indicating a stalemate between bulls and bears, awaiting a breakout signal. The current price is $2944.6 (18:00), a slight increase of 0.01%, with a volatility of 0.03%, marking a new recent low within the core consolidation range of $2950-$2960 (extremely low-volume consolidation). Analyzing the 4-hour Ethereum price trend, the candlestick pattern shows that the price has been fluctuating around $3000 recently, failing to break through the previous high of $3038, exhibiting a pattern of rising and then falling back. The daily chart shows two consecutive days of declines, indicating some downward pressure in the short term. In the 4-hour MACD cycle, the DIF and DEA have formed a death cross, with the green bars expanding, indicating increasing bearish momentum; the daily MACD remains above the zero line, but momentum is weakening. The 4-hour RSI is 45.76, close to the neutral-to-weak zone, indicating insufficient bullish strength. The current price has broken below EMA7 (2972.63) and is approaching EMA30 (2967.36). Further declines could test EMA120 (3046.47). Support levels: 2950 (4-hour moving average), 2940 (MA30), 2900 (trend line). Resistance levels: 2957 (MA7), 2980, 3035, 3070 (previous high-volume trading area). Ethereum conservative trading advice (January 29th): Short positions are recommended around 2940-2960, with target prices of 2920-2880-2840. This strategy is time-sensitive; implementation should be based on free guidance.