#ETH Did you go long yesterday?

Is ETH's continuous non-decline a sign of an impending surge? What should we do?

The current status of ETH can be summarized in one sentence:

After a round of liquidation, a low-level rebound is occurring, currently entering a long-short rebalancing zone.

The previous lows of 2780-2850 have completed a clear "liquidity sweep + rapid pullback."

The current price has regained the 3000 integer level.

The 4-hour structure has shifted from a "sharp decline" to a oscillatory recovery rebound.

However, it has not yet exited the trend-level one-sided bullish phase.
Momentum & Sentiment

The RSI is showing signs of high-level fatigue.

Trading volume has not significantly increased.

Explanation: The upward momentum mainly comes from short covering, rather than new trend longs.

From the liquidation heatmap, the upper range of 3050-3080 is a dense area for longs + a stop-loss zone for shorts (high liquidity).
The lower range of 2980-2950 is a defensive area for long positions + a pullback support level. The price will likely first "test above 3060," but whether it can maintain above is crucial.

If it rises to 3050-3080, divergences may appear if the volume does not keep up. A high followed by a drop would lead to continued box oscillations.

If it strongly breaks above 3080 with increased volume, then we can look at 3120-3150.
Conservatives can consider buying on pullbacks, the long range: 2980 – 3000.

Shorting on high peaks (quick in and out).
Shorting range: 3060 – 3080 with the prerequisite: if it fails to break through with volume or shows obvious upper shadows / false breakouts.

If conditions are not met, it is better not to trade. Shorting strategies require close monitoring! The core family will share insights internally!