Looking at ETH's recent market performance, it's indeed a bit outrageous. Yesterday, when it was pushed up to 3056, a bunch of people started celebrating the return of the bull market, only to see a $150 plunge shortly after, with the speed being unexpectedly fast. I checked the liquidation data, and it seems that the main force's recent contract long operations are quite precisely targeted.

From a Chan theory perspective, ETH has been oscillating within a four-hour central zone for the past two weeks, bouncing up and down like a V-shape, making trading quite challenging—basically hell mode. Currently, the four-hour candlestick has been sideways for 12 hours. What will happen next?

There are two possibilities: if it breaks below 2908, it will continue downward to sweep three parallel lows (2886, 2888, 2892), which is a common liquidity stop-loss tactic used by the main force. But if it can recover above 2908 or 2886, and a one-hour bottom divergence appears, that would be a signal to go long. Based on this logic, the risk-reward ratio could be around 1:2.5 or higher.

It is expected that today afternoon or evening, the 30-minute divergence will show some signs. Whether to jump in or not depends mainly on whether this bottom divergence can be validated. In the short term, patience is key—any changes will be followed up promptly.