ETH's 1-hour chart has shown some interesting developments recently. The price is currently hovering around the 3240 level, positioned right between the Bollinger Band middle line and upper band, with relatively limited volatility.

From a technical perspective, things are starting to shift. The MACD DIF line has just crossed below the DEA line from above, and the red histogram bars are just beginning to appear. The Bollinger Bands are contracting overall, with the upper band pressing down around 3260 and the lower band providing support near 3210.

The technical picture is quite clear — ETH's short-term upside momentum is significantly weakening. The price has faced consecutive resistance at 3260, and combined with the MACD's reversal signal, although the overall trend hasn't completely flipped bearish yet, short-term correction pressure is building up. This level does present an opportunity.

Here's the specific trading approach: Open a small short position around 3240, with a stop loss set above 3260. The first target points to 3220, and if it breaks below 3220, we can continue watching 3210.

Why is this position worth considering? Simply because the stop loss distance is relatively small and the risk-reward ratio looks reasonable. If the price truly breaks above 3260, it proves the analysis was off, so we'll exit with a timely stop loss.

One important reminder though — market volatility is currently low overall, so don't expect a one-sided major move. Position size should be controlled to within 10% of total capital, stops must be set, and absolutely don't hold positions while sleeping.

The market changes constantly, and what we need to do is execute precisely when high-probability opportunities appear, putting risk management first. Let's see how far this correction can go.