#ETH

Evening ETH Core Ideas
The evening ETH core is closely watching a bullish flag pattern, which is key to the current market situation.
If the flag pattern resistance cannot be broken, the risk will increase after a pullback breaks down—the area indicated by the left yellow arrow is a chip vacuum zone, and the speed of decline is twice that of the rise.
Key points at critical juncture: 2937 is the last line of defense; as long as it has not broken below this level, pullbacks and fluctuations are all within a safe range.
Once the volume breaks down, it will quickly drop to 2844. If we want to end the downtrend, we need a strong volume breakout above the flag pattern and stabilize above 2993; otherwise, maintaining a range-bound movement would be optimistic, and do not hold too high expectations for a rebound.
Operation instructions: A volume breakout at 2970 allows for a right-side long position; a volume drop below 2932 requires decisive short selling.
Focus on changes in trading volume, and make sure to set stop-loss orders to avoid risks.
Clear target: If the hourly line holds above 2970, look up to 3000-3037; if the 4-hour line breaks below 2944, look down to 2885-2812.
Supplementary trend judgment: The hourly M-top warned at noon has officially formed. After previously breaking below the 2975 neckline, attempts to recover have failed, confirming a downward trend.
Only if it stabilizes back at 2975 will the M-shaped pattern be invalidated; otherwise, the downtrend will continue.
The core logic is clear, just execute according to the price points and trading volume. Wish you smooth operations.