From a technical perspective, Ethereum is currently facing pressure for a correction. Based on years of trading experience, large traders typically do not let the price rise straight up; they will create declines to clear out short-term holders.

The key point to watch is here: if Ethereum cannot break through the price level starting with 28 during today’s (12:30-15:30) time window, the difficulty of subsequent rebounds will significantly increase. Why? Because it has been nearly half a month since the last correction, and if the controlling parties continue to suppress, it indicates they are actively preparing for the next trend.

The real focus is on the 2870-2850 range. Once it breaks below this, it will face obvious resistance to re-establish above in the short term. Conversely, if the large traders decide to push it through this level, the room for price movement will be quite substantial.

The overall logic is simple: market control is just about making moves at critical levels. If there isn’t a correction before the end of the month and the price instead surges straight up, it would go against the usual market rhythm. Therefore, stay alert in the short term and focus on observing the performance within this time window.