The recent trend of Ethereum basically confirms the previous judgment. Yesterday's rebound was indeed stronger, just touching around 3000 yuan before pulling back. At that time, I suggested shorting around 2990, and currently, I have some small gains.

From a smaller timeframe perspective, the price is approaching the previous resistance line — this line was tested during yesterday's rebound, but it failed to break through twice. This indicates that the selling pressure above remains heavy, and it is difficult to break through directly.

An ascending triangle pattern has appeared on the 1-hour chart, with volume continuously shrinking. Coupled with the 120-period moving average on the 4-hour chart forming resistance, the probability of a downward breakout is significantly higher. Don't be fooled by the small timeframe's seemingly upward oscillation and momentum; this is usually a trap to lure buyers, and a reversal downward is highly likely afterward. The key support zone to watch is between 2900 and 2850.