Recently, the trend of Ethereum is quite interesting. The price has been fluctuating in the range of 3000 to 3030, and the direction is still not clear enough. In such times, it is actually a boon for range traders.

**How to operate?**

The upper pressure is around 3025 to 3030, and a light short position can be considered, with a stop loss set at 3040 and a target looking back to 3000. The lower support is in the range of 2965 to 2975, and similarly, a light long position can be considered, with a stop loss set at 2950 and a target aiming for 3020. In simple terms, short when it's high and long when it's low, to take advantage of the fluctuations.

If the market suddenly gains strength, the level at 3035 should be closely monitored—once it breaks out with volume, you can chase the long position with a target around 3070 and a stop loss at 3020. Conversely, if the level at 2960 is broken (remember to check the trading volume), you can chase the short position with a target of 2920 and a stop loss at 2975.

**Where is the risk?**

The trading volume is not very ideal right now, and there is a high possibility of a false breakout, so it is essential to wait for a confirmation of increased volume before considering a breakout; otherwise, it is easy to get stuck. Additionally, the MACD signals are somewhat conflicting, and there is a considerable probability of continued fluctuations in the short term, so friends with heavy positions should be cautious.