In the early stage, ETH rose strongly from the demand zone of 2700 to 3378, forming a clear trend upward. Afterwards, it surged to a high volume before pulling back, currently in a deep retracement phase after the rise, rather than a one-sided bearish structure.
Key Levels
Support Levels
First Support: 2970–3000 (previous consolidation platform + transaction density area)
Strong Support: 2870–2900 (4H level structure low point, only a breakdown would weaken)
Resistance Levels
3100–3120: first resistance for the rebound
3200 level: trend watershed
3378: previous high strong pressure
Current Rhythm
After a rapid price drop, it did not continue to break down with increased volume, indicating clear support below 3000. The short term is more inclined towards a technical rebound or oscillation repair, rather than directly weakening again.
Operational Thinking
Do not chase shorts, the bears have already realized profits at high levels.
Aggressive: Stabilization at 2970–3000 can be lightly positioned to bet on a rebound.
Conservative: Wait to confirm bullishness after reclaiming 3100.
Break below 2870, 4H structure turns bearish and stop-loss is needed.
In summary:
👉 ETH is currently in a correction repair period after the rise, with 3000 being a key watershed for bulls and bears, patience is more important than direction.
