After two days of a crazy bull run leading the way, ETH, like Bitcoin, showed signs of a slowdown in the smaller time frames during the day.
Instead, it is currently in a narrow range of fluctuations at a high level, serving as the 3k integer level, and near the major support and resistance switching area.
For bulls, it is at least a time to take partial profits at this stage. After all, what has been realized is truly one's own.
As for whether it can rise further, it is still necessary to observe if it can break through the previous high with increased volume again.
The current position continues to chase the rise, which is still a position where the risk and reward ratio is not proportional. There is no recommendation to chase higher.
Pay attention to the key position at 2830 during the pullback.
Upper levels: 3018/3055/3136
Lower levels: 2908/2850/2770