The performance of Ethereum has indeed been interesting these past few days, repeatedly fluctuating in the range of 3050 to 2950, refusing to give a clear direction in either direction, and occasionally throwing in a Long Wick Candle to give a scare.

From a technical perspective, this situation actually presents an opportunity. As long as the key levels are not breached, the idea of opening positions in the opposite direction of the highs and lows should be applicable - prepare to go short when it rises to a high point, and consider going long when it drops to a low point, and repeat this logic. It sounds simple, but you have to stay alert and not get fooled by false breakouts.

The key is that resistance level. Once it really breaks above, it’s more prudent to stay in cash and observe. Rather than making random moves, it’s better to wait until the market stabilizes before taking action. This way, your mindset will also be much better, and you won’t be frustrated by being tossed around repeatedly. Now is the time for patience; make your move only when you have a clear direction.