Ethereum is currently in a critical price battle zone. Facing resistance at 2960, 3000, and 3030, with support levels at 2880, 2800, and 2760.

**Bearish Strategy**: Consider entering short positions lightly if the price rebounds to around 2960 but fails to establish a firm footing. 2930 is an important level on the current hourly chart; watch for upward attempts. Add to positions near 3030, and once the price breaks above and stabilizes above 3040, exit with a stop-loss. The first target is 2880, and the second target is 2800.

**Bullish Strategy**: Conversely, if the price retraces to around 2880 and fails to break below it effectively, that signals a potential long entry. Add positions near 2760; if the price breaks below and cannot hold above 2760, stop-loss is necessary. Targets are sequentially 2960 and 3020.

**Technical Confirmation**: The 4-hour Bollinger Bands show a three-line downward pattern, with the middle band trending horizontally downward, corresponding to price levels at 2996, 2946, and 2895. The 1-hour Bollinger Bands are opening, with the middle band also trending downward, aligned with 2933, 2967, and 2899. The short-term MA5 continues downward, with price oscillating between MA5 and the lower band.

MACD on both timeframes is critical: on the 4-hour chart, the double lines are below zero, with the fast line crossing downward, and bearish momentum bars have not yet weakened. The 1-hour chart shows the same; the double lines are descending, and the bearish bars remain strong. RSI has shifted from 55 to 37, currently in a downward death cross phase during normal trading. Overall, bearish momentum persists, but close attention should be paid to the performance at key support levels.