#数字资产市场动态 $ETH recent trend still feels a bit stifling on the weekly chart. Last week closed with a small bearish candle, and after the evening star bearish pattern unfolded, it kept falling. This week opened high and then declined, but still couldn't break through the downtrend line. The bulls are probably out of steam this time; the weekly chart is likely to remain under pressure. The 2630 level is a key support that must be defended at all costs.

Switching to the daily chart, this pattern is definitely a head and shoulders top. The right shoulder is around 3050, parallel to the left shoulder, with a trendline pressing down from above. Currently, it's caught in the middle—support below and resistance above, with the range tightening more and more. We have to wait two more days to complete this month's candle, then we can see clearly which direction it will move. In simple terms, these days are just sideways oscillation without a clear direction.

Regarding volume, the price is fluctuating within the POC area. This can be considered as the cost basis for the oscillation. Consider shorting above this range. The Vegas channel is now exerting strong resistance on the price—although yesterday's daily candle pushed up briefly, it failed to break through and finally closed with a shooting star, indicating that Vegas is a strong short-term resistance.

On the 4-hour level, the structure looks more like a downward continuation triangle consolidation. After the convergence on the right side, it is expected to retest the previous high. On the 1-hour chart, there's no point in overthinking—just oscillating back and forth with small spikes, with no real reason to chase short positions. Honestly, reduce trading frequency and wait for the monthly candle to finish. Consider setting swing short positions at key resistance levels above, watching how this converging structure ultimately chooses its direction.