Ethereum has recently been consolidating with decreasing volume around 3094, and the BOLL channel has narrowed to an extremely tight state—this is a typical sign of a potential trend reversal, requiring extra caution.

Let's look at some key indicators. Trading volume has shrunk to 28,900, only half of the average volume, which essentially means both bulls and bears are hesitating, and no one dares to take the lead. The price is being pushed below the middle BOLL line at 3112, and multiple attempts to break through have failed. This line now acts as a critical support/resistance level.

From a technical perspective, the outlook is indeed weak. In MACD, the DIF is below DEA, and the histogram is red, indicating that short-term upward momentum is clearly lacking, and bears have a slight advantage. Overall—price unable to rise, volume insufficient, indicators still weak—there's a high probability that the price will first move downward to test whether the support below can hold.

Based on this judgment, the short-term trading strategy is to follow the trend and short, but with a light position for trial and error. The ideal entry zone is between 3100-3105, or wait for a rebound to around 3112 and observe for signs of stagnation before entering. Place stop-loss above 3120.

The first target points to the 3085 support level, and the second target is a deeper zone around 3065-3070. This is not about betting on a long-term decline but rather trying to catch a wave of correction within the current weak structure. Keep the position light, as the market could suddenly turn—if volume surges and breaks through 3120, accept the loss and exit immediately, never hold on stubbornly.