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Recently observing Ethereum's trend, it feels like the price is repeatedly battling within a relatively clear oscillation range. The two key levels at 2950 and 3070 form a fairly distinct upper and lower boundary.
From a technical perspective, the high at 3070 actually acts like a resistance point for a rebound. Each time it pushes up, there’s a sense of weakness. If the support level at 2950 is truly broken, the situation could become interesting. Once the range is broken, it usually indicates that a direction will be established, and an acceleration downward may follow.
Based on this logic, in the context of a breakout, shorting opportunities seem worth paying attention to. Especially after breaking below the 2950 support, the risk-reward ratio will be more favorable. Of course, the prerequisite is to confirm that it’s a genuine breakout and not a false move.