$ETH seems to be bullish in the short term, but with mixed signals suggesting caution. Here is the analysis:

1. Current price and recent movement: The price of $ETH is at 2,995.22 USD, with an increase of +1.70% in the last 24 hours, indicating recent positive momentum. The 24-hour high (3,021.56 USD) and significant volume (104,151.78 ETH and 309.17M USD) reinforce this bullish trend.

2. Technical analysis:

• Moving averages (MA) show that the MA(7) at 2,556.47 USD is below the current price, while the MA(25) at 2,331.09 USD and the MA(99) at 2,655.05 USD are also below, suggesting that the price is above medium and long-term trends, a typical sign of a bullish trend.

• However, the recent crossover of the short moving averages (7 and 25 days) near the level of 4,108.93 USD could indicate a recent peak, followed by a correction or consolidation, as the price has dropped since that point.

• Indicators such as the MACD (-3.82%) and RSI do not show extreme values (overbought or oversold), suggesting that the bullish movement may have room to continue, but it is not overheated.