Ethereum's current trend is a bit complex, and it's clearer to watch a few key positions.
If it can break above 3020 with volume, you can consider going long on the right side, but if the price pulls back and breaks this position, you must stop-loss and exit.
Currently, 2996 has been broken with volume, and it is weak in the short term; you can consider going short, but make sure to set a stop-loss.
On the downside, if it can hold around 2940 on a pullback, you can try going long, but stop-loss below 2905.
If it can stabilize above 3001 on the hourly chart, look upwards to the 3032 to 3060 range.
When approaching 3060, if there is a clear resistance, you can short one position, with a stop-loss above 3103.
There is an opportunity for a spike around 2863; when it gets there, you can set up a long position, but if it closes below 2817, you must stop-loss.
Currently, the 4-hour level doesn't look great; if 2963 can't hold, look down to 2912 and 2853.
On the chart, the triangular support has been broken once; although an attempt to reclaim it was made, it was unsuccessful, and it now looks a bit like an M-top.
The neckline is around 2970; if it breaks below here again, the pullback may truly begin, and support must be looked for below.
Only if it returns to above 3017 can the downward momentum be reversed.
In short, the key long and short positions now depend on these levels; break one side and follow that side, don't hold onto positions.
