The analysis focuses on Ethereum's price action within a current consolidation range. The Value Area Low is identified at 2900, with the Value Area High at 3200. The Point of Control for this range, along with the Yearly Rolling VWAP and the 12-hour trend, converge at 3030. Ethereum has maintained relative stability around the 2900 level over the past three days. Although the higher timeframe indicates a bearish structure, the immediate outlook is considered to be within a range. Today's options expiry is expected to introduce significant volatility into the market. A potential trading opportunity is identified for an intraday long position. This setup involves a possible temporary price spike down into the 2880-2840 region, characterized by single prints and fair value gaps, to liquidate short positions. Following such a liquidity grab and a constructive reaction, the predicted bullish move would target the 3030 level, which represents the midpoint and point of control of the established range. A conservative fail bound for this intraday long would be set at 2800, indicating that a move below this level would invalidate the bullish short-term thesis and suggest further downside.