ETH is currently in a critical structural consolidation phase. The price is repeatedly contending around 3100, which is a significant support turning pressure area from the previous period, and also the dividing line for short-term bulls and bears. From the trend, the upper level of 3377–3378 is a clear strong resistance, and the previous rise and fall indicate that selling pressure at this position still exists, so it is not advisable to blindly chase after long positions before an effective breakthrough.
The lower key focus is on the 2977 line, which is the core support level of this rebound; further down is 2871, corresponding to the previous low and overlapping with the demand area, which is the defensive baseline for the medium and short term.
If the market stabilizes around 3000 after a pullback, there is still a chance to form a consolidation rebound structure; however, if it effectively falls below 2977, one must be cautious of a retracement testing the lower demand area.
In terms of operational strategy, it is recommended not to chase after rising prices, but to focus on buying on dips at key support levels;
👉 Pay attention to stability signals in the 3000± area for long positions
👉 Set stop-loss below 2977
👉 The rebound target is initially set at 3100, followed by around 3370