Looking at Ethereum's trend, breaking through the 28 level doesn't seem that easy. The logic behind this is straightforward—whales are controlling the market and suppressing it.

The key is to watch the actions before 12 o'clock today. If there isn't a wave of bearish momentum during this period, we can basically conclude that the 28 level won't be broken this month. After all, tomorrow is the 31st, and around the end of the month, the market usually doesn't fluctuate too aggressively.

The results of the past ten days' market movements have been quite brutal—players who went long are almost wiped out, and what about the shorts? They have been tightly controlled by the big whales. With market control in place, bears have almost no chance to breathe. The question is, will these whales give the bears a chance during the 10 to 11 o'clock window? If not, then traders trying to open short positions this month are basically doomed.

We will continue to watch how the trend develops. Interested traders can consider this approach.