ETH broke out of the downtrend channel and has been in a state of consolidation, essentially relying on sideways movement to digest indicators, without choosing to drop directly.

During the weekend, all the small-scale indicators were fully digested, and not only did the price not drop, but the pullback was also particularly small. I originally planned to place a long order below 2930, but the market only went as low as 2943u, and I couldn't enter.

I am still bullish on ETH, as the small-scale indicators are cleanly digested, and the momentum for upward movement has returned, so it could accelerate at any time. However, considering the risks, I will wait for a pullback to enter the market, with the target range still at 2930-2900, which is more prudent.

The trend still presents two possibilities: either it rises directly, or it pulls back before rising again. I choose to wait for a pullback before entering a long position.

Currently, the selling pressure at the resistance level above ETH has basically been digested, and the price is slowly moving upwards, which are very strong bullish signals; definitely do not short. The next target can be seen at the range of 3170-3200.