The movement of ETH is not much different from BTC, hitting resistance in a small range. The main reason is that the bulls haven’t had a taste of profit for too long. Once ETH hit $3000, all they could think about was taking profit. On the 27th, it consolidated around $3000 for a day. Looking at the current situation, ETH might test the $2950 level downward. If it doesn’t break below, it will continue upward to break through the minor resistance at $3050. This time, the target can be set at $3240.