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ETH currently has two nearby resistance levels at 3046-3060.
Prefer a short position near 3060, with a stop loss at 3078.
Looking for a second test near 2980 for take profit.
If it breaks above 3050-3060 and retests, continue long positions to take profit at 3106-3130.
3106 is a strong resistance on the hourly chart; can try a short position there with a stop loss at 3110.
Prefer to wait for 3130-3150 for a short position, with a stop loss at 3165 and take profit at 3090-3070.
If 2980 is tested and holds, go long; if it breaks below 2980-2970 with a solid candle, go short on the rebound, continue the short to 2850-2820 for long, stop loss at 2800, and take profit near 2970. $ETH