I just took a quick look at the ETH chart, and the current price is around 2070. To be honest, I find it quite awkward.

From a purely technical perspective, things are actually looking pretty good. The moving averages are in a bullish alignment, and the RSI has broken above the 50 midline. But beneath these appearances, there's a very critical problem—trading volume has shrunk significantly. This kind of volume-price divergence really indicates the market's true attitude.

Recently, I've indeed seen quite a few institutional moves. The Ethereum Foundation has started staking ETH, and Bitmine bought over 60,000 ETH in just a week. Sounds impressive, right? But the problem is, the market isn't buying it; the price just isn't going up.

I think the core issue is that everyone is waiting for a clear direction. A rise without volume support is very hard to sustain.

In terms of early morning trading, maintaining a range-bound approach: Strategy one is to go short at high levels, possibly entering around 2098, with targets of 2020-1990.