Recently, the Ethereum PoS network has experienced a wave of large-scale staking. Data shows that over 1.77 million ETH are queued for staking, and the exit queue has been cleared. What does this imply? To put it simply—big players are voting with their actions, indicating their bullish outlook on ETH's future.

From a market perspective, the large amount of funds locked in staking means a significant reduction in short-term selling pressure. Currently, ETH is trading around $3,111, just above the strong support level at $3,017. The bullish defense line has begun to take shape. Even more noteworthy is the key level at $3,182; once broken, the resistance zone above at $3,300 could be breached.

On the technical side, ETH has been tested by bears around the $3,150 level three times, but each time it has held above the $3,017 support. An interesting phenomenon here is that after each dip, there is a quick rebound, with trading volume quietly increasing. This pattern suggests that the main players might be accumulating strength—while on the surface, the bears seem dominant, in reality, it could be the bulls gathering chips.

Breaking down this logic, the main goal is likely to induce retail investors to surrender more chips at relatively low levels. As long as the $3,017 support holds, once the $3,182 level is broken, a domino effect could push the price higher to $3,200, $3,300, or even $3,400. In the short term, surpassing $3,200 is not an impossible target.