Ethereum's market today is quite interesting; both bulls and bears have been caught off guard. Friends who followed the short positions this morning indeed made some gains, but greed can lead to losses, and timely profit-taking is the key. After rising from around 2940 to above 3050, it was directly hammered down, showing no clear relay volume at high levels, then it retreated to around 2950 to seek support.

What's the outlook now? The key is whether it can hold steady at the 3050 level. If it can push above 3050 again today and hold, the next target might be around 3130. Conversely, if it breaks below the 2890 support line, the bottom test will fall within the 2780-2700 range.

Whether you're looking to go long or short, it's crucial to control your positions during this period; the volatility is too intense to afford any mistakes. As the year-end approaches, the market before the holiday is usually not very stable, with various factors fermenting. Whether key levels can be held directly impacts the ongoing tug-of-war.