Market Analysis:

[1. Market Analysis]

The current price of ETH is approximately $2960, within a consolidation range. Short-term support is at $2940-$2950, key support is at $2890, and short-term resistance is at $3020, with a range of $2880-$3050; looking at multiple timeframes, the 4-hour chart has stabilized, the 12-hour mid-line has not broken, indicating a solid bullish foundation, and the daily mid-line is resistance that needs to be broken.

[2. Trading Suggestions]

Currently, it is advisable to use a buy-on-dips strategy, with prices retracing to around $2940-$2950 and the 4-hour candlestick stabilizing, allowing for light long positions. Set a stop-loss at $2925 and aim for an initial target of $3000-$3020, with additional buying if it breaks through to $3050; if it drops below $2880, set a stop-loss and reduce positions near $3020; anticipate false breakouts in a consolidation phase, and reduce positions or tighten stop-loss over the weekend.

[3. Key Levels]

For bulls, short-term support is at $2940-$2950, and if effectively held, light long positions can be attempted, with important support at $2890; if it breaks below, bulls should be cautious of a trend reversal. For bears, the risk reference point is $2880; if it breaks below, the bearish trend confirmation requires strict stop-loss, and the short-term resistance reference point is $3020; if the price breaks above, the bullish target can be moved up to around $3050.