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Recently, Ethereum has been performing okay, but the market strength is average. The previous high couldn't be sustained, and after falling, it has been fluctuating around 2900, a typical high-level consolidation pattern. The Bollinger Bands also haven't provided a clear direction. In this situation, it's better to observe for now and not rush to chase longs.
From a trading perspective, wait for a rebound to short. The ideal short entry zone is between 2980 and 3020. If it moves up to this area, establish short positions with a stop loss set at 3070.
Looking downward, first focus on the 2850 support. If it breaks, the price may continue to decline, with the next line of defense at 2780. At this level, it will either rebound or continue weakening, depending on how trading volume cooperates.