How does ETH's current trend look? From a harmonic pattern perspective, I have updated some technical details.

On the daily chart, the support zone at 3050-3080 is critical. If the price can stabilize here, a small long position to test the upside might have a chance. But the problem is—once this range is broken downward, the subsequent risk will significantly increase. In this situation, the bulls need to form a clear driving wave structure to turn the trend around, otherwise it could easily evolve into a continued downward move.

The current correction cycle has already been quite prolonged. The market needs to be cautious of a risk: avoid letting the second zigzag correction pattern continue to drag on, because that would greatly increase the probability of a double bottom.

Ethereum is performing quite actively in the ABCD pattern, with complex cycle modes, which require more detailed data analysis. Re-examining recent price movements and pattern turning points from a harmonic model perspective can help us more accurately capture the next direction. Blind trading is often the root cause of losses—true trading logic must be built on solid technical analysis.