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Monday morning, Ethereum experienced a typical rollercoaster market—rising at the open and then quickly falling back. From recent trends, it seems that major funds prefer this type of high-low fluctuation charting method.
On the technical side, in the short term, focus on the support level of the trendline. A long position was pre-placed around 2860 in the early hours, with a stop-loss at 2825 as a reference. The key resistance to watch is at 2960.
This is a personal technical analysis for reference only. Before making any trading decisions, you should consider your own risk tolerance and make a comprehensive judgment.