Ethereum Latest Market Analysis + Support and Resistance Levels Share!!! #ETH $ETH

📉 Evening Market Outlook: Due to BTC's false breakout, the 3100 level faces a second test
Latest Situation:
Linked Decline: BTC just rapidly dropped from 91,600 to around 90,400 (“painting door” pattern), ETH is not willing to lag behind, falling from around 3130 in the afternoon to the current 3110. The current trend is entirely a “passive follow-down.”
Weakness Characteristics: Compared to BTC still struggling above 90,000, ETH’s rebound is noticeably weak. The resistance zone at 3130-3150 has been confirmed effective, and now the price has returned to the edge of the short-term psychological barrier at 3100.
Risk Warning: If BTC further drops below 90,000 tonight, ETH is very likely to break through 3100 directly, testing the weekend low of 3080 or even lower. The current pattern belongs to “rebound failure, returning to a downtrend.”
1. Support and Resistance Levels (Precise Calculation)
Short-term Support (1-3 days, intraday)
3080: Intraday warning line. Weekend low point. If broken, it indicates short-term support failure and will accelerate decline.
3050: Strong support (structural bottom). The midpoint of the previous 3000-3100 oscillation range, with strong buying pressure.
3000 - 3020: Core bottom. Major integer level, the last fortress for bulls.
Medium-term Support (1-2 weeks, swing)
2950: Previous neckline (top-bottom reversal).
2880: Major trend support (December low).
2800: Deep decline target.
Short-term Resistance (1-3 days)
3135 - 3145: Immediate resistance. The high point of today’s afternoon rebound, now forming a “double top” suppression.
3180: Upper boundary of the hourly oscillation box.
3220: Strong resistance, also the dividing line between bulls and bears.
Medium-term Resistance (1-2 weeks)
3350: Pre-swing high.
3500: Trend reversal confirmation point.
3800: Bull market target.
2. Overall Analysis and Best Entry Strategies
Overall View: Currently at 3110, in a “downtrend continuation” state.
Bearish Logic: BTC’s false breakout has dealt a heavy blow to market sentiment. ETH’s failure to break above 3145 suggests shorting or waiting for a break below 3100 to chase the decline aligns with current momentum.
Bullish Logic: Unless BTC can miraculously quickly regain above 91,000, ETH is unlikely to rise independently. Going long now is akin to “catching a falling knife,” and it’s recommended to wait for a deeper level (such as below 3050).