Ethereum's price movement remains uneventful, but the weak market characteristics are clearly evident. Since breaking below the 3050 level, it has continued to decline under pressure, with weak rebound strength. Bulls lack the confidence to push forward at key resistance levels, repeatedly attempting to rally but failing, reflecting a market sentiment of gloom. The downward trend structure remains intact, with each rebound lacking sustainability, instead providing opportunities for bears to add positions.

If it cannot regain the 3000 level in the short term, the weak trend will persist, and shorting on rebounds remains the core strategy.

Ethereum: Short at 2960-3000 near the rebound, target 2900, if it breaks below, continue to watch downward; otherwise, consider long positions. $ETH