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Ethereum's recent movements are quite interesting. It’s facing resistance at 3050 above and has support at 2880 below, with the price oscillating back and forth in between.
My view is to continue to add on dips. The 2910 to 2880 range is a good entry point; once it breaks below, set a stop loss at 2860. Waiting for retail investors to be repeatedly shaken out and develop a habit of shorting high, there might be a sudden reversal. At that time, short traders will probably have a tough time.
Currently, patience is still required at this stage; the right moment is approaching.