Ethereum's performance in the 3000 to 2850 range is indeed worth analyzing.

From recent trends, after some fluctuations up and down, this price range has basically been mapped out. Without any significant positive catalysts, it's mostly market participants conducting routine shakeouts. On-chain fund flow monitoring shows that large-scale sell-offs are indeed happening, and the downward pressure is evident.

The trading tactics are quite particular — first inducing bullish entry, then quickly smashing down to clear out positions, followed by a sudden rally close to 3030 to create a rebound illusion, and finally dropping again. Without certain market experience, this combination can easily be confusing.

From a technical perspective, this move has almost completely controlled the space within this range. In the short term, the probability of a decline remains relatively high unless there are new fundamental changes. The long and short contest in the futures market also confirms this, with bears showing more conviction than bulls.

For intraday traders, it's important to stay alert and be cautious with every rebound. Keep observing tomorrow's market to see if new signals emerge.