Looking at ETH's current trend, it's completely different from the previous strong rally. The signals in the market are quite clear: it's not the main upward wave, nor a direct shift to a bullish trend, but rather a correction phase after a decline.

Let's start with the structure. The high point began at 3308 and has been pushed down continuously. The subsequent rebounds have been progressively lower, which is a standard downward rhythm. After the price dipped to 3086, there was a slight rebound, but the momentum was weak—it didn't even stabilize above the middle Bollinger Band and started to flatten.

This detail is very critical. If it were a genuine reversal, the 30-minute chart should at least recover the middle band, preferably with consecutive bullish candles. But now it looks more like the decline has paused for a breather, not a sign of a restart.

Next, look at the Bollinger Bands. The middle band has clearly turned downward, and the price is operating below it. The upper and middle bands form a resistance zone. In other words, as long as the price returns near the middle band, it will face selling pressure and won't break out.

The MACD also confirms this judgment. Although the green bars have shortened, the DIF remains below the zero line. This structure usually corresponds to a technical rebound after a decline, not a trend reversal. Expecting it to directly push back above 3200? That condition is simply not met.

The next focus should be on two levels.

Above is the 3135 to 3160 range. This is the ceiling of the rebound and a zone where bears can easily exert pressure. If the price rebounds to this level and then consolidates or forms small bearish candles, it indicates a lack of support above and increases the likelihood of further decline.

Below is the 3080 to 3065 range. This is the recently formed low area. If the price dips again but volume converges, it could form a double bottom rebound. But if it breaks through with high volume, the space opens up, and the target could be around 3030 or even 3000.

So, the logic at this level is quite straightforward. It's not the time to chase longs now; long positions should wait for a pullback to test, viewing it as a short-term rebound. Conversely, when the price approaches the middle band, resistance will become more apparent.

The overall market rhythm is like this: the decline has already bottomed out, but the trend correction isn't complete. The market is waiting for a choice, not that an answer has already been given.

This kind of market is never about how brave you are; it's about how patient you can be. Wait until the price moves to a more favorable position for you, then take action. The ease of trading will be completely different.