Recently, ETH's price movement has been a bit frustrating, fluctuating around $2974.930000, with both bulls and bears fighting it out. I've been pondering this market situation—honestly, it's both exciting and nerve-wracking.

From a technical perspective, the current situation still leans towards the bullish side. The RSI stays at 51.0, indicating that market sentiment remains positive, and the price has already stabilized above the short-term moving average. This gives me reasons to stay bullish. Additionally, recently there has been significant institutional-level capital entering the market, which usually injects confidence and strength into the market.

Here are some key levels you should watch:

**Support at $2915.430000.** This is a defensive line. If it breaks, it could trigger a chain of sell-offs, causing market sentiment to reverse instantly. At that point, you need to immediately reassess your holdings.

**Resistance at $3034.430000.** If the price breaks through this level, there's a chance for the market to move upward and even target higher goals.

**The most critical level is $3019.550000.** This is a decisive breakout point. Once it is effectively broken and the price stays above, it will be very interesting. At that time, I will consider gradually adding to my position on dips, because missing such opportunities would be regrettable.

My trading plan is clear: if $3019.550000 is effectively broken, I will slightly increase my position; but if $2915.430000 is broken downward, I will cut losses immediately. Protecting the principal is always the top priority.

Changes in order book placements are also worth paying attention to, as sometimes large orders can reveal the true intentions of institutions.

Market volatility is the biggest test of mental resilience. Don’t be scared by short-term ups and downs, and don’t blindly chase highs. Follow the market rhythm—act when it’s time to move, and be decisive when it’s time to withdraw. Hope everyone can gain something from this market wave!