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Ethereum's current adjustment is basically in line with expectations. The minor support at 3160 has already been broken, and the subsequent trend still needs to be observed downward. Today's market focus is on the 3000-3100 range, especially paying attention to whether the 3030 to 3060 zone can hold, as this will determine the strength of the rebound.
Looking at a longer cycle, there is a very important trend line around 2960. From historical trends, this level is difficult to break below and can be understood as the bottom defense line of this adjustment. If it really drops to this area, it would be a relatively safe entry point.
In actual trading, there's no need to be too precise to the units. The 3000-3100 range can be used to gradually position, without entering all at once. Let the bullets fly for a while, wait for clearer signals before adding positions, as this will make risk control more reliable.