If the early 8-day line closes above 3070, continue to be bullish.

If the movement is indecisive with frequent reversals, if ETH dips to between 3050 and 3070, enter long positions with a stop loss at 3030.

Both high shorts and low longs have started to show a consolidation structure.

This demonstrates the institutions' lack of confidence in the market outlook and a cautious attitude towards the expectation of reaching 3500.