Ethereum's market trend has shown some changes this week. The decline during Friday night's trading broke the previous bullish structure based on the hourly head and shoulders bottom pattern, which means we need to reassess the current market rhythm.

Let's briefly look at the market logic: after the head and shoulders bottom bullish structure was broken, it gradually evolved into a complex 1-hour central pivot pattern. From this perspective, the 4-hour timeframe is likely to perform a secondary retest of the bottom, with the target range probably around 2870-2930. Meanwhile, a small-scale rebound will occur first, with the rebound target aiming at the 2980-3030 range. As for whether the market will continue to decline afterward, it mainly depends on the strength of this rebound in the 15-minute cycle.

We are now approaching Sunday night trading, and the market is about to start. Regarding current position management, the following is recommended: set take-profit at 2980-3020, avoid greed, and take profits when the market looks good; set stop-loss at 2914. This setup can better adapt to the current market environment with insufficient bullish momentum and avoid excessive pulling.

In the coming trading days, closely monitor the strength of the rebound, as it will directly influence the subsequent trend.