Ethereum has been struggling lately. If you want to wait for it to return to the 3000 price level, you might have to wait until Vitalik is old.

From the market structure perspective, above 2100, there are a lot of trapped positions, and the pressure to break even is immense; while below 1750 is where the market makers have clustered their chips.

Suggestion: If the price retraces to around 1475, you can boldly go long, with a stop loss set at 1400, risking a small amount for a larger gain; when it rebounds to 1750, reverse and go short, with a stop loss at 1820.

If you prefer a spot position, aim to enter below 1500, hold it for a while, and take profits when it rises to around 2000.