ETH — What I see now is the "reversed breathing period," like just breaking the water surface to breathe, next is the confirmation and consolidation.

After stepping deep from 2620, the market was pulled up like someone drowning being rescued.

The bears thought victory was certain, but the bulls suddenly burst out from underwater, pushing the price back above 3000.

This segment was not driven by retail investors; that big bullish candle is not just emotion, but the trace of real capital.

Paying attention to two key details is very important:

The bulls are not rushing, but are climbing in a choppy manner.

This is not a market that explodes with one push, but rather one that shifts hands while moving, rising while washing.

The style is more like "someone is steadily building a position, rather than quick in and out."

There are obvious sell orders above 3140, but they can't hold for too long.

The main force is neither crashing the price nor rushing it up, indicating they don’t want you to easily get on board.

The most ruthless market for retail investors is not the huge rises or falls, but this kind:

Not up, not down; you’re afraid to chase the rise, and you want to short but don’t dare to.

This usually means — the big direction might be brewing.

Key Levels

Upper resistance zone: 3150-3180

This is currently the hardest wall; touching it easily leads to a drop.

But once it’s strongly broken through by the bulls, the market rhythm will speed up.

After an effective breakthrough, the target is directly at 3280-3350.

Lower support zone: 3000-3030

This is the emotional defense line.

As long as it doesn't break, the bulls still hold their chips, and the bears don’t dare to sell aggressively.

A pullback that doesn’t break this range is the most comfortable entry point for long positions.

Deep water golden zone: 2920-2950

If it gets washed down here, this is the price that the main force loves to accumulate.

At this point, I would unhesitatingly go long with a stop loss at 2880.

Current price 3148, it’s not recommended to chase long; waiting for a pullback to enter long is more comfortable.

Long position layout zone: 3030, 2950, scale in.

Upper breakout point for bulls: 3180.

Breakthrough target: 3280 → 3350 or even higher.

Short entry points: 3150-3180 zone for shorting.

Short position stop loss: above 3205.

Conclusion

ETH is biased towards a strong upward oscillation, but needs to confirm support with a pullback before continuing the attack,

The current strategy is to go long on pullbacks, not to chase highs, and shorting can only be for a brief profit.