The 4-hour chart of Ethereum's price movement is quite interesting. After the rally, it entered a correction phase, but the bulls' defense line has not been broken yet, which is the current core situation. In a ranging market, the rhythm is relatively weak, and a clear trend direction is not yet visible, so trading should be more cautious.

Key levels to remember: the 3050 to 3070 range below is an important support. If it cannot hold, then look at 2970 below 3000. On the upside, the 3120 to 3150 zone is the first resistance area. Only a breakout here would open the chance to see 3200.

How to operate? My approach is this: as long as 3050 is not broken, do not chase short positions. A true bearish signal is only confirmed if it falls below 3040, which would confirm a trend reversal. Currently, it is still within the bulls' defensive zone, and the market needs time to choose a direction. There's no need to be too hasty. I am still following my orders on Ethereum, observing whether this structure can continue to hold steady.