The trend of Ether has been quite interesting these past couple of days. After surging to 3064 yesterday, it began to face pressure, and the whole movement quickly came down, with a low point around 2900 before it stopped. Now it's consolidating at the 2970 position.

Since it slid down from 3020 yesterday, I've been watching whether this market can regain 3000. The problem is that it has tried several times but hasn't really broken through, which indicates that the bulls indeed lack strength. The feeling is still relatively weak in the short term.

Structurally, 3050 has become the most critical resistance level during this period. Looking further up, 3100 is the real major threshold. If 3100 cannot be broken, it will be very difficult for this weak situation to reverse in the short term.

Therefore, in terms of operational thinking, I tend to focus on short positions. During a special time point like Christmas Eve, market fluctuations are usually not too large. Specifically, the position is to short in the range from 3030 to 3000, with a recent target looking at 2750. If that level is also broken, we will continue to look towards 2700. We also need to pay attention to the movements of Bitcoin and the Federal Reserve's repurchase, as these will affect the subsequent rhythm.