Doesn't this market make your head spin?

The 1-hour candlestick chart looks like a roller coaster—up and down, back and forth, bulls and bears both getting rekt. Just when it seems like there's going to be a breakout, bam, it gets slammed down; think it's about to break support, and then it gets instantly pulled back up. It's all about the adrenaline.

Just saw some news: A top asset management institution transferred out 153 BTC and nearly 17,000 ETH—about $67.48 million in total—from a compliant platform 5 hours ago.

What does this mean?
Big institutions aren’t dumb. If they dare to withdraw and take positions at these levels, it’s clearly because they're bullish on what's coming next. But what about retail investors? A lot of them have already panicked and sold everything.
Remember, news is only a reference; what really matters is the key technical levels.

Technical outlook:

The MACD is still hovering above the zero line, but there are signs the golden cross might turn into a death cross—is it about to go south?
Not necessarily.
If the price can hold steady or just pull back slightly, even if MACD forms a death cross, it might just be a "false death." As long as key support holds, a second golden cross and another leg up is still possible.
But if you’re heavily positioned right now, make sure you set a stop-loss—don’t try to tough it out.

My view:
As long as 2971 holds, there's still room for a rebound. The first target is 3370, with a possible extreme move up to 3550–3658.
If it breaks below, then keep a close eye on the 2850–2700 range.
But did you notice? Several times recently, when the price dropped near 3035, it bounced back up quickly—shows there's buying support down there.
So in the short term, the 3210–3035 range is good for a rebound play, but be cautious near the 3356 and 3550 resistance levels—they’re prone to sharp pullbacks.

In the coming days, ETH will most likely consolidate between 3050 and 3239.