#数字资产市场洞察 Yesterday, Ethereum ($ETH) couldn't hold above after several attempts to surge high, and is now stuck in a narrow range between 2950 and 3050, consolidating sideways, looking like it's gathering strength. From the leverage liquidation data, when it surged to 3077 yesterday, most leveraged positions were cleaned out, but the price did not continue to rise; instead, it is lingering here, indicating that long positions indeed want to break upwards.

The price has now returned to the pressure level of the short-term pullback, with a focus on the two key levels of 3035 and 3055. If the second breakout fails again or a pullback occurs in the short term, then the main range of price fluctuations should be between 2920 and 3120.

Today's market may first test the leveraged positions downwards. If the support at 2950 and 2920 is not broken, there is a high probability of a surge towards 3100 by the evening. If it truly breaks through 3100, and the price re-tests 3050 and holds above or consolidates above 3120, then there will be an opportunity to surge towards 3165, 3200, or even more aggressively towards 3350. Once 3300 holds steady, the upper boundary of the entire downward channel will be breached, and if the subsequent re-tests close above 3050, it may initiate a major upward wave to break away from this dense area. Recently in this market, both bulls and bears should not stubbornly hold positions, especially for short positions; the risk is indeed too high.

Just focus on two ranges in operation: the small range is from 2950 to 3050, and the large range is from 2900 to 3100.

**Long Position Strategy**: Enter a small position when the price pulls back to the range of 2950 to 2900. If it falls below 2900, you must strictly cut losses. Breaking 2900 means the balance of long and short forces is disrupted, which creates a vacuum area below, potentially leading to a rapid decline. The next support level at 2830 may not hold either, so in this case, do not hold the position.

**Short Selling Strategy**: When the price fails to break out in the range of 3050 to 3100 and starts to pull back, enter a light short position, but don't be greedy. To be honest, today isn't very suitable for short selling because the long positions are still quite strong, and the price will repeatedly spike to catch you off guard. If you already have short positions above 3050, set tiered stop losses to protect your profits and prevent the hard-earned money from being given back.

$BTC $ETH