Ethereum is currently at a critical juncture, with detailed technical analysis manually reviewed and supplemented. This stage is worth trying to establish long positions around 2975 to see if it can break through to the target range of 3050-3100. But there is one key point—if the long positions cannot hold, after stopping out, it’s necessary to coordinate with the technical support levels below to open short positions; the data is already sufficiently complete.

It’s especially important to note that the orders around 2950 are now particularly dense. Once these chips are absorbed by the bulls, they may actually turn into resistance. In other words, even if there is a rebound, it’s difficult to push above 3100; most likely, the rebound to 3000 will accelerate the decline. This kind of chip accumulation position is often a watershed—either a volume breakout or a direct collapse. Just follow the key level prompts to formulate your trading plan.