From the candlestick chart, ETH has recently been trapped in a narrow fluctuation of 200 points, and this consolidation has lasted for quite some time. The key question is: can it effectively break above 3000? This price level is very important.

If ETH truly breaks through 3000 and successfully stabilizes above this level, it indicates that the upward trend has been confirmed, and then it would be time to consider going long. On the other hand, if it cannot break through 3000 and each time it approaches, it immediately pulls back, then there’s nothing much to say — just go short.

So 3000 is the dividing line. Break above it to look upward, fail to break through and go downward. This analytical framework is simple, but execution requires patience and not being fooled by false breakouts. We are still in the observation phase, waiting for confirmation signals to appear.