Ethereum's recent market performance is interesting. It surged to 2975 in the early session before starting a high-level correction. On the four-hour chart, the price has been oscillating between 2920 and 2950, with a modest increase of only 0.2%. The support below remains solid at the psychological level of 2900, while the resistance above is firmly held at the 3000 integer mark.

From a short-term trading perspective, around 2980 is a good entry point for a short position, with a target set at 2930. This trading approach is relatively straightforward. Mainstream cryptocurrencies like Bitcoin, Ethereum, and Ripple have all been worth close monitoring during this period. Market sentiment is constantly shifting, and identifying key support and resistance levels can help better grasp the market rhythm.