#ETH is currently in a high-level consolidation trend. After a strong rebound, the market's upward momentum has weakened and entered a consolidation phase. Close attention should be paid to the breakout situations of the $3060-$3080 support zone and the $3220-$3250 resistance zone.
If there is a significant drop below $3060, a deeper correction may begin.
If there is a breakout above $3250 with volume, the upward trend may resume.
Within the range, consider selling high and buying low, but be sure to strictly control your position size.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#ETH is currently in a high-level consolidation trend. After a strong rebound, the market's upward momentum has weakened and entered a consolidation phase. Close attention should be paid to the breakout situations of the $3060-$3080 support zone and the $3220-$3250 resistance zone.
If there is a significant drop below $3060, a deeper correction may begin.
If there is a breakout above $3250 with volume, the upward trend may resume.
Within the range, consider selling high and buying low, but be sure to strictly control your position size.