The recent market movement of Ethereum is closely tied to the rhythm of Bitcoin. Although there has been some volatile upward movement in the last two days, I believe this is just a rebound, and the real rising channel has not yet opened. From a technical perspective, the 12-hour closing at 4 o'clock does show a larger proportion of long positions, but this actually confirms my judgment—there will soon be an adjustment.

I'm focusing on the support level in the range of 2880-2920. Once it breaks down, we need to be cautious. I personally opened a short position at 3050-3060, expecting it to drop in three phases: the first target is 2700, the second is 2000, and if all goes well, the third phase might break 3000. Of course, if it doesn't break 3000 and rebounds back to 3040-3050, then it would be time to consider exiting. This operation is just following the stop-loss signals, without any strong attachment.