Currently, ETH's price movement is stuck in a critical range—above 3000 and below 2890. Once this range is effectively broken, the entire subsequent trend will change direction.

This recent volatility has indeed been a bit uncomfortable. On the bullish side, confidence is high, believing that ETH will stabilize above 3000 and then push towards 3200 or even 3300. The bears are not backing down either; they are confident that the 2890 support will be broken, leading to a decline towards 2800, 2700, or even directly to 2600. Both sides have their own logic and supporting data.

Which side will the market favor? Honestly, the answer might be revealed in the next few days. Maybe on Monday, or perhaps waiting until Tuesday or Wednesday. However, my personal judgment is that in the short term, it will break through 2890 directly, first dropping to around 2700, followed by a potential rebound. Of course, this is just an inference based on current technical analysis; the actual movement depends on market performance. Stay patient and observe.