After the Ethereum rebound to 3350 USD in the early morning, it faced significant pressure and fell back, failing to effectively break through the key resistance level, indicating insufficient buying power in the market. The current price has retreated to around 3320 and is oscillating at this level, showing signs of weakening momentum for long positions. The short-term market data shows a tendency for the center of gravity to decline, with the situation shifting in favor of the bears.

Currently, $3350 has become a solid short-term resistance level and is an important watershed for measuring the strength of the bears. The area of 3280-3300 below has become a key support level recently. If the price breaks below this range, it will confirm the continuation of the downtrend, potentially further probing the previous low of 3265 or even lower. Overall, the market shows a strong willingness to sell before the resistance level. In terms of operation, it is recommended to maintain a bearish outlook on rallies, using the ability of the price to stabilize above $3350 as a basis for judgment. Caution is required before effectively breaking below the 3300 level, but the overall risk preference has shifted to bearish.
$ETH #加密市场回调
Bitcoin strategy: Short around 102000, target 100500
Ethereum strategy: Short near 3350, target 3280