As of 12:00, Ethereum price is around 2940. In the context of a predominantly bearish daily chart and weakening four-hour oscillations, the trend is confined within a narrow range of 2880-3000. Before a clear breakout direction emerges, it is essential to strictly control position sizes and wait for definitive signals.

**Key Price Level Distribution**

There are three support lines: 2880-2900, which is the recent low and a critical support zone; 2850, an important weekly support level. On the resistance side, 2980-3000 forms the first barrier, with a stronger resistance zone above at 3050-3080.

From technical indicators, the daily chart shows consecutive bearish candles, with the middle Bollinger Band trending downward, and RSI falling below 40, indicating a clear bearish advantage. The four-hour chart exhibits obvious oscillation characteristics, with moderate volume, and RSI fluctuating between 40-50, suggesting that neither bulls nor bears have established overwhelming dominance. Short-term moving averages are exerting resistance on the price; unless it stabilizes above 3000, the upward potential remains limited.

**Trading Strategy Layers**

When the price rebounds to the 2980-3000 zone, consider gradually opening short positions, with a stop-loss set above 3020, and targets at 2920 and 2880 below. Conversely, if the price retraces to 2880-2900 and finds support, consider light long positions, with a stop-loss below 2850, and targets at 2950 and 2980.

Once a confirmed breakout above 3000 occurs, indicating a trend reversal to bullish, you can chase long positions, with a stop-loss at 2970, targeting 3050 and 3080. Conversely, if the price falls below the key support at 2880, pursue short positions, with a stop-loss at 2900, and targets at 2850 and 2820 below.

**Risk Management Points**

Control single-position size within 5% of the account, with stop-loss set at 1.5%-2%. During oscillating markets, avoid adding heavy positions. Keep a close eye on Bitcoin’s movement—if BTC breaks down, Ethereum’s volatility may amplify. At such times, the best approach is to stay on the sidelines or actively reduce positions.