Based on the changes in holdings, the price at which the main long and short sides of Ethereum are battling is around 3030. Now, signs of surrender are beginning to appear among the short positions, and long positions are also starting to take profits;

This wave of short positions entered on the left side has currently failed, as they have moved nearly 200 points after entering, which indeed shows a slight sign of trend formation;

Considering that the negative premium on the current large B network is becoming more obvious, I am not yet looking at a trend. I still maintain a view of consolidation, but it is not as certain as the golden consolidation period in December last month.