The trend of ETH is actually quite clear. Just look at the area marked by the yellow box to understand—multiple attempts to break higher are all blocked at the 3182 resistance level, and each subsequent high point is lower than the previous one, which is a typical sign of weakness.

When the price drops back into the range, the main idea is to chase short positions on the right side. The support level below the range is marked by the yellow arrow; if this level cannot hold, then focus on the lower support at 3012.

On the hourly chart, the 3052 level is very critical—if it breaks, the previous bullish trend essentially ends. Therefore, keep an eye on the 3052 level for gains or losses, and watch whether the 3133 level can truly break through on the upside.

Trading strategy: If ETH volume breaks through 3133, go long on the right side; if it retraces to around 3066, consider a small long position on the left side. The key is to observe the volume changes and don’t forget to set proper stop-losses.

If the hourly chart can hold above 3133, the upward target is in the range of 3166 to 3202. Conversely, if the 3093 level on the 4-hour chart is broken downward, be alert to a potential decline toward 3055 to 3017. In simple terms, that’s the logic—managing risk well is the most important.