This week's Ethereum trend closely followed the market, continuing to decline after last week's surge. It recently dipped to around 2910, then stabilized and rebounded. Currently, it is consolidating around 2940.

From a weekly chart perspective, Ethereum was clearly pressured around 3440 earlier, then entered a correction phase. However, the MACD indicator below the zero line is gradually narrowing, indicating that the downward momentum is weakening. The recent pullback found effective support around 2910 and did not test lower levels further, suggesting that the overall market structure remains solid and signs of a rebound are gradually becoming clearer.

It is recommended to go long around 2910, add a position at 2870, cut losses at 2840, with initial targets at 3200, and a breakout target of 3410.