ETH has fallen more decisively than expected this time. Previously, it was thought that it would hover around 3300 before finding a bottom, but it dropped straight down to 3057, just catching support at the 240-day moving average to catch a breath.

Currently, this position seems to indicate a short-term bottoming process, with the price finding temporary support near the 240-day moving average. The next likely move is a few waves of rebound testing the upper resistance.

If you want to trade within a range, whether in futures or spot, you can follow the 3100 to 3165 trading range. Of course, this assumes proper risk control, because in this market, no one can predict where it will jump to in the next second.