#美国核心物价涨幅不及市场预估 $ETH after the initial rally, is now entering a phase of high-level narrow-range consolidation for correction. From the volume perspective, upward pressure is evident, but there have been no consecutive large declines during pullbacks, indicating that bottom buying is relatively stable. The market has shifted from a single-sided rise to a range-bound consolidation rhythm, and the short-term direction still needs further confirmation.

From a technical standpoint, the upper band of the BOLL channel is at 3375, the middle band at 3322, and the lower band at 3268. The three lines are flattening, indicating that the strong upward momentum has come to a pause. Prices are oscillating within the channel, and the market is in a phase of digesting previous gains. Currently, prices are mainly fluctuating around the middle band, lacking effective breakthroughs either upward or downward. Pursuing long positions before a clear direction is risky.

The MACD performance is also crucial—red bars above the zero line are continuously shrinking, and both the fast and slow lines are moving toward horizontal, which means the bullish momentum is gradually waning. No clear bearish signals are observed, so the current state is just a consolidation after bullish profit-taking. Short-term oscillations are normal; the best strategy is to buy low and sell high within the range.

**Trading Ideas:**

For long positions, you can gradually build positions in the 3235 to 3260 range, targeting 3340 to 3380, with a stop-loss below 3210.

If you want to short, do so at the rebound highs of 3380 to 3405, aiming for a decline to the 3260 to 3320 range, with a stop-loss above 3430.

**The core principle is simple: in a high-level consolidation pattern, chasing the market or panic selling are both big traps.** Rely on support and resistance levels within the range to operate repeatedly, strictly implement stop-losses, and only follow the trend once clear signals emerge. This way, risks can be controlled. Of course, macroeconomic changes (such as US CPI data trends) are also worth paying attention to, as they may act as catalysts for market direction.