Ethereum's current market breakdown: from the left side, it jumped from 2993 straight up to 3060, but the upper side didn't get filled. The rally on Monday seemed to be turning, but in reality, it was just a trap to lure in and then dump—this kind of pattern has been seen too many times.

The MACD shows a death cross signal, indicating the market logic remains bearish. It neither touched the replenishment zone at 3060 nor broke the support at 3146. This standoff has lasted nearly a week. The old tactic of buying low and selling high is worn out. Instead of overthinking, it's better to hold onto short positions. Even if there's a genuine breakout and stops are hit, such fluctuations are normal risks in this kind of volatile market.

Breaking down the specific trading strategy: traders on the right side can wait until the price closes below 2993 before entering short positions, with additional entries at 3060, and set the stop-loss at 3146. The lower targets are around 2905 and 2830. The strategy for those lurking on the left side is to go long at low levels, entering around 2905, adding to positions at 2833, with a stop at 2738, and targets at 2967 and 3009. Finally, try a small position at 3057.

This range-bound oscillation has lasted long enough; once the direction is chosen, it becomes a matter of patience.