Recently, ETH's price action has been quite interesting. It seems to have stabilized above 3124, but a closer look at the market reveals something's off.

From a technical perspective, the 3124-3228 range is showing obvious resistance. Bulls have attempted to break through around 3124 several times, but each rally has been weaker, and trading volume hasn't kept up. This kind of "price-volume divergence" is often not a good sign.

More importantly, in terms of position distribution, there are clear signs of large holders reducing their positions at higher levels. If this were a true breakout, we should see continuous inflows of new capital. In the current situation, it looks more like short-term rebounds are being used to offload positions.

Based on the current market:
• Pay close attention to the 3050-3080 support zone
• If 3050 is breached, 2812 is a key area of concentrated forced liquidations below
• 3228 is the key short-term resistance; a breakout needs to be confirmed with increased volume

In terms of trading strategy, I lean towards caution:
1. For long positions, set stop losses and don't blindly chase highs
2. Around 3124, consider light short positions with a strict stop loss at 3240
3. Position sizing is very important—don't go all in

When market volatility increases, protecting your capital is more important than chasing opportunities. If you have open positions, remember to set stop losses and don't let your emotions cloud your judgment.