#以太坊行情技术解读 ETH's key support level is currently playing out a psychological battle between the main force and retail investors.

On the daily chart, Ethereum has completed three full rebound-correction cycles and is now stuck at a critical support level. The problem is that the momentum of the rebound is weakening each time, and the accompanying trading volume is not keeping up. This is a typical sign of the main force grinding and shaking out chips.

Looking at past trends, a high-probability scenario is as follows: the main force will first break the support level slightly, frightening retail investors into panic selling, creating a false appearance of a sharp decline. After retail investors cut losses, the main force will quickly pull back, initiating a new wave of upward movement. Similar tactics have played out at 2800 points and 3000 points, with clear logic.

Whether ETH can hold steady above 3200 will determine the strength or weakness.

However, two low-probability scenarios are also possible — one is that it truly breaks down, and the market turns downward, in which case stop-losses should be quick. The other is that it stabilizes firmly above 3200, with enough rebound momentum to signal a reversal. But honestly, the main force generally wouldn’t give such a clear opportunity to retail investors, so the likelihood of these extreme situations occurring is low.

The current strategy is simple: those already holding positions should not be fooled by the main force’s fake moves to shake out chips. Those who haven’t entered yet should wait until clear signals of volume and support validity emerge before taking action. Chasing highs or blindly bottom-fishing at this stage can easily lead to getting caught. The key is to closely monitor changes in trading volume and support levels to accurately grasp the market’s rhythm.