This week's performance of Ethereum largely depends on liquidity conditions. If there is no shock from low liquidity, it is likely to follow the existing trend and move in a single direction, providing an opportunity to see a new trend establish itself.

From a smaller time frame perspective, ETH still has room to rise. The 3000 level is not yet a true resistance, and the key resistance level in the market should be around 3060. Once this level is effectively broken, we can continue to track the target area of 3120.

Conversely, if a downward trend emerges, 2890 becomes an important support. If this level is also broken, it indicates that a correction phase may be underway, and it could be an opportunity to consider short positions.