ETH's daily closing price is below the recent focus level of 2960, indicating a short-term bearish trend. Continue to monitor 2960!

In the 4-hour chart, the price retested the low of 2880 in the 16th zone last night, triggering a rebound. However, in the early morning and intraday, the price failed to break above 2960, so resistance still exists. Continue to track the 2980-2880 range until a clear direction emerges! If the 2960 level is broken again upward, we can watch the Vegas Tunnel indicator near 3030, which can also serve as an entry point for short positions. However, note that after the pressure at 3030 and retesting 2960, a confirmed rebound above this level indicates a bullish reversal. A break below would be a false breakout, leading to a lower retest!
In the 1-hour chart, last night, a volume spike caused a dip below the previous low, but the price recovered, indicating a false breakdown. The subsequent rebound resonated with the 4-hour expectations, leading to a intraday correction!
Before dawn and 16:00, there were multiple tests of 2930, followed by a breakdown. The current price is near this level. On smaller timeframes, watch whether 2930 can be reclaimed. If resistance holds, expect a retest around 2880. If a rebound occurs, focus on the 2960-2980 range resistance! The 30-minute level of the Vegas Tunnel can also be used as a reference!
Trading suggestions:
Buy in parts within the 2890-2880 range with a stop loss at 2860 and take profit at 2930-2960.
Sell in parts within the 2960-2980 range with a stop loss at 3002 and take profit at 2930-2900.
【Once the 4-hour close is above 2960, close short positions and re-enter around 3025.】$ETH