Ethereum Price Trend Overview

The recent market movements have indeed caused many to suffer losses. From a high of 3400 down to a bottom of 3040, with limited rebound potential, many traders are wondering: will it re-enter the 2-digit range?

Currently, the price hovers around 3100. This level is quite interesting—it has tested support a few times and is also oscillating near a key support level. From a technical perspective:

Resistance is at around 3160, while support is near 3030. Next Monday's market action will be crucial. If it breaks below 3000 directly, the 2-digit range will be basically confirmed; conversely, if it surpasses 3160, the rebound could extend toward 3240.

The current trading strategies are divided into two:

For bullish outlooks, one can participate in the retracement zone around 3060-3080, with support at 3030 and a target of breaking 3160. For bears, entering around 3120 is an option; if support is indeed broken, the first target would be 2960, and subsequent positions can be reduced in batches to observe market movements.

Overall, the rhythm of these two days is very important, as the short-term breakout direction will determine subsequent trading logic.