Last week's analysis video basically set the tone for this week, and Ethereum's performance has indeed unfolded as expected. There are already long positions and spot positions hedged at the 3080 and 3100 levels, and small profits have been realized, but the major trend has not yet arrived.

From a technical perspective, the upcoming direction of Ethereum is quite certain, mainly divided into two scenarios:

**Red Line Scenario**: The rally starting from 3054 has nearly reached its end. Once the end of this upward move is identified, a decline will follow. If this scenario plays out, we might see the peak of the rally within this week.

**Blue Line Scenario**: If the upward momentum is strong enough, the rally beginning at 3054 is just the first phase. There will be a correction afterward, followed by another upward push, allowing the rally to extend toward the end of the month.

How to determine whether it's the red or blue scenario? The key is to observe the retracement after this wave of upward movement over the next few days—look at the retracement's magnitude, pattern, and how long it can sustain. Ultimately, both scenarios share the common point of a significant decline, with the difference being the target end point and timing of that upward wave.

I will continue to monitor Ethereum's market movements. Interested friends can stay tuned.