#大户持仓变化 Non-farm payrolls data will be released tonight at 21:30, which is a key trigger point for today's market.

The morning sideways consolidation, in simple terms, is the market waiting for this data to land. Once announced, Ethereum is likely to perform within the 2960-2980 range. From a technical perspective, the bearish side appears more stable—finding suitable shorting opportunities in the short term will be the choice of many traders.

Market trends are often like this: a quick probe followed by a sharp decline, with the selling sentiment in the US stock market also transmitting. But here’s a reminder: do not consider 2900 as Ethereum’s bottom. The market lacks genuine capital inflows and is instead seeing continued large outflows. The hype around rate cut expectations has long been digested, making it difficult to see a strong upward push in the short term. Trading volume during rebounds is also hard to observe.

This year’s trading approach needs to be adjusted in real time. Blindly bottom-fishing is outdated—such operations tend to lead to passive positions. Stay flexible and act based on actual capital flow and technical signals.

Tokens like SOL, XRP, ETH each have their own stories; the specifics will depend on the market reaction after the data is released.