Ethereum's current trend requires caution. Although the price is above 3030, the signals revealed by the technical analysis are not optimistic - it is likely forming a dumping range at a high level.

First, let's look at a few anomalies on the chart:

On the surface, ETH appears to be holding up around 3030. However, a closer look reveals that there is a clear resistance zone formed between 3037 and 3053, where the price has repeatedly touched but failed to effectively break through. More importantly, the bullish momentum during each upward push is decreasing, and this weakening trend suggests that the chips above are quietly shifting.

Based on the flow of funds, we may currently be in such a stage:
First, create a breakthrough expectation at a relatively high position to attract chasing buyers to enter and take delivery, and then quickly fall back after completing the distribution of chips. If this logic holds, the strong liquidation area near 2888 is likely to become the next testing target.

Operational advice:
It is advisable to assess the risks of holding long positions in a timely manner and consider stopping losses to exit. If you want to participate in short opportunities, you can pay attention to the resistance level near 3036, but be sure to set a stop loss—once it breaks 3054, it indicates a misjudgment, and you should decisively acknowledge the mistake and exit.

The market does not have absolute certainty; this is merely a possible inference based on the current technical analysis. Whether going long or short, controlling position size and implementing strict stop-losses should always be the top priority.