The friends who bought ETH during that afternoon wave from 3005 should be feeling pretty good, with the price soaring up to 3068.97, taking over $60 profit comfortably. However, now the price has already fallen back to around 3048, and the 15-minute chart is starting to show signs of a pullback.

Let's first see what the technical analysis indicates. On the 15-minute level, the MACD indicator has already formed a death cross downward, and the red energy bars are expanding, which suggests that the selling pressure around 3069 is indeed significant. The short-term bullish momentum is somewhat lacking, and a correction is needed to digest the profit-taking.

But this doesn't mean the trend has reversed. Switching to the 4-hour chart, the large bullish candle has a full-bodied real body, and the moving average system is still in a bullish alignment. So, this current dip is better described as a "pause for refueling" during an ongoing rally rather than a reversal.

Next, there's a key timing point — the US stock market opens at 22:30, which is just over an hour away. During this period, volatility is usually high, with frequent price swings and stop-loss hunts, so holding no position now is actually a wise choice.

Since we've decided to stay flat, it's better not to gamble on the direction around 3050; that would be too passive. A smarter approach is to patiently wait for the price to retrace to the 3028-3032 zone. This isn't an arbitrary choice — it's the starting point of the previous rally and also a support level at the top. Going long at this level will be psychologically more comfortable and the risk more manageable. The current strategy is simple: leverage the volatility at the US market open, wait for the main players to push down and shake out traders, and then decisively buy at the golden entry point.