Ethereum has recently been in a bearish-dominated correction phase, and most analyses believe that the downward structure has not yet ended, leaning bearish in the short term.

The upper resistance range of 2980-3030 has become a major resistance zone. If it cannot break through, the main direction will be to short on rallies, with support to watch around 2800. A breakdown could further test 2620-2720.

Market sentiment overall is also weak, with insufficient bullish momentum. The Bollinger Bands are opening downward, indicating that this bearish structure has not been broken. So let's go with the trend.

Intraday operation suggestion: short near 2850, set a stop loss at 2885, looking down to 2720-2750. If it strongly breaks and stabilizes at 2900, then go long.