Looking at this wave of ETH行情, the weekly chart still continues the previous evening star bearish signal. Last week closed with a small bearish candle. Although it opened higher this week, it has been weakening under pressure. The downward trendline has not been broken, so it is expected to continue being pressured and close with a bearish candle. The key support is around the 2630 level.

The daily chart now shows an interesting pattern. Structurally, it looks somewhat like a head and shoulders top. The right shoulder resistance is around 3050, roughly the same height as the left shoulder. This area is also reinforced by a trendline, creating a clear resonance. There is resistance both above and below, significantly squeezing the movement space. As the monthly candle is about to close, the true direction will depend on the monthly signal. Currently, it is just a range-bound consolidation with no clear direction.

From a volume perspective, the price repeatedly consolidates in the POC area. Treat this level as a consolidation average. Above this zone, consider short positions. The Vegas line now exerts strong resistance on the price. Although yesterday’s daily tried to break upward, it failed and closed with a shooting star, so in the short term, Vegas can be regarded as resistance.

Looking at the 4-hour chart for more clarity, the structure resembles a consolidation triangle in a downtrend. After convergence on the right side, it should continue to decline back to the initial rise point.

On the 1-hour chart, although there has been repeated pinning and oscillation, there are no good trading opportunities. My advice is to reduce trading frequency now, avoid chasing short-term trades, and wait until the monthly candle finishes to set up swing shorts at key levels above. Wait for this convergence structure to give a clear directional signal.