The recent trend of ETH is really a tormenting old friend; the daily level has been in a zigzag fluctuation for two months. However, it can be seen that the bottom is gradually lifting, which is a small consolation. But the key issue is this: the area around 3400-3430 is the critical zone for a medium-term reversal, and currently, the funds are not keeping up. Coupled with the chaotic macro environment and various messages interfering with the market, it is highly likely that attempting to stabilize and surge directly from this position will lead to a peak, so don't be too optimistic.
In the broader direction, the complex fluctuations are still ongoing. Ideally, it may test the parallel top since November again, or it might fake a breakout and then immediately “draw the door” back down. This kind of performance has not been uncommon before, so be mentally prepared.
In the short term, the pullback from the last two days was quite weak, not dropping significantly. The focus should be on whether there can be a rebound in the last few days of the month. As long as it doesn't break below the support level of 2860, there might be a surprise of “small turning into big.” There is no need to rush into action right now; first, keep an eye on the strength of the rebound. If it can genuinely increase in volume and move upward, then consider the entry.
For entry, one can look for opportunities near 2930-2950, with an initial target of 3050. If it can stabilize, then look towards 3150. This is purely personal speculation for entertainment; do not take it as operational instructions, and profits and losses are your own responsibility～
