ETH futures trend remains consistent with previous judgments. From the retracement at 3177, it seems that the move has not fully unfolded yet. Until it stabilizes above 3030, it's not advisable to rush into a full position. I have already closed all my long positions at the bottom; missing the opportunity is just missing out. If there's a chance, you can re-enter from the right side. Staggered entry into spot positions is not a big issue. Yesterday's rollercoaster caused many to get wiped out; the price has come back, but the positions are gone.

The key resistance level at 2801 has been tested twice in a row. Whether it can hold for the third time is uncertain; it might need to test the false breakout of the bullish bat pattern around 2623.

**Core Observation Point: 3030**

Why focus on this level? Actually, the bat pattern is essentially a derivative of the head and shoulders top. Using the head and shoulders top calculation method:

Target price = neckline - (head - neckline). The head is at 3446, the neckline at 3030, so the theoretical decline is 416 points, making the target around 2614.

In the right-side move, I chased the short position at the entry point of 2801 on the left side, and I also caught the long position at 2801 on the left side. The rest depends on how the right side develops.

If you currently hold positions with a good cost basis and are worried about missing the move, consider taking half profits and setting a stop loss at 2900 to protect. A volume breakout above 2900 can basically confirm that the trend will continue, and at that point, you might even chase the short on the right side. But the prerequisite is to monitor the K-line closely and not leave the market.