Ethereum enters a critical moment today. After nearly three days of narrow range consolidation, options are about to expire, which usually indicates that the market will experience intense volatility.

**Current Situation Analysis**

The market has been oscillating repeatedly around 2900-2980. Bulls still want to push above 3000, but they haven't reclaimed this key psychological level. Currently, the POC is near 3000, indicating that the bearish pressure still exists. The problem is, once this balance is broken, fluctuations of hundreds of points up or down are not surprising. Statistically, the most likely movement is within the 1-300 point range.

Bull profits are concentrated between 3100-3500, while bear profit targets are around 2100-2900. Both sides have profit opportunities, meaning both are watching closely.

**Today’s Trading Recommendations**

Traders already holding positions must set strict stop-losses and avoid any overconfidence. For those without positions, my advice is to wait. Wait until options expire and the market truly shows a trend before entering. Today, the success rate with high leverage is nearly zero, and it’s very easy to be wiped out on both ends.

**Market Details**

During the day, the market may continue to stay within this narrow range, but there will be frequent probing attempts. Once it breaks above 3000, the range could expand to 2850-3150, and possibly further to 2800-3200. The resistance levels above are quite dense, so you can flexibly short, but must keep positions light and set short stop-losses.

If you see a downward probe, first observe the support at 2880-2850. If 2850 cannot hold, then 2800 becomes the last line of defense. But note that the 2500-2600 zone has accumulated a large number of buy orders, and a sudden plunge into this range is possible.

Long position strategy: buy where the probe ends, paying close attention to whether there is a rebound attempt at noon. Short position strategy: try shorting lightly at the rebound near 2950-3100, aiming for a favorable risk-reward ratio. Both directions require dynamic stop-losses and early profit-taking preparations. Today relies on flexible responses rather than heavy bets.