ETH: The fluctuations are narrowing, approaching a direction choice.

Technical Overview: The 1-hour chart has formed a 3040-3060 consolidation platform, with significant selling pressure above 3050. The daily line is constrained by a descending trend line, and 3125 has become a critical moving average for the bulls and bears. The EMA30 (3028) has become the focus of contention for the day. If the critical point breaks above 3080: it opens up an upward space, targeting 3125-3160. If it breaks below 3028: it will test the support at 2950, and further decline aims for 2900. In extreme cases, a break below 2850 would indicate a trend reversal to bearish. Practical Strategy: Observe around the current price of 3040, consider going long if it stabilizes at 2950, with a stop loss at 2850. If a rebound is met with resistance at 3080, consider going short, with a stop loss at 3160. Core Reminder: The continuous shrinkage in volume indicates that a trend change is imminent; it is advisable to wait for directional confirmation before following up. Engage in high selling and low buying within the current range, and act in accordance with the trend after a breakout.
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