#数字资产生态回暖 Ethereum's 3200-point critical battle—Don't be fooled by the grinding trap to lose chips

Recently, Ethereum has been frequently testing around the 3200-point level. How significant is this position? Frankly, it has become the most obvious dividing line between strength and weakness in this cycle. But many traders haven't seen through the tricks behind this.

From the daily chart pattern, Ethereum has completed three cycles of rebound plus retracement, and is now stuck in a support level repeatedly grinding. Where is the problem? The strength of the rebound is weakening each time, and trading volume can't keep up—the combination of signals indicates one thing: a major decline in the short term is unlikely, and these fluctuations are mainly caused by large institutional players grinding and washing chips within the market.

Why do I think so? Looking at the historical trend makes it clear. Previously, at the key levels of 2800 and 3000 points, the main forces used similar tactics—first a false breakdown to shake out floating chips, causing retail traders to panic and sell at low points, then immediately pulling the price back up. The logic of the current 3200-point movement is basically the same, only the participants and timing have changed.

Of course, all technical analysis has probabilistic issues. Extreme scenarios also exist: either the support level is effectively broken, returning to a downward trend; or it stabilizes firmly at 3200 points, initiating a new upward wave. But based on the usual operational mindset of the main forces, the probability of these two extreme scenarios is relatively low—because their goal is to harvest participants’ chips through uncertainty.

**Specific operational strategies fall into three categories:**

The attitude of holders is crucial: if you have chips, you must hold them. The easiest trap is to sell in panic, ending up selling at the lowest point. History has taught many lessons about this. The grinding phase is a test of psychology—only those who can endure it will reap the fruits of a reversal.

Traders still outside the market should remain patient. Blindly bottom-fishing or chasing rallies at this stage will only send trading fees to others’ pockets. Wait until the main forces complete their grinding and clear signals appear before taking action; the return will be healthier.

Regardless of your role, the key indicators to watch are: whether abnormal changes occur in volume, and whether the support at 3200 points is effectively broken. As long as these two conditions do not show clear signals, the opportunity for trend reversal will emerge—once it does, act decisively.

At this stage, Ethereum’s challenge is not about who has more guts, but about judgment and discipline in execution. Maintaining rationality amid volatility, accurately identifying the true intentions of the main players, are the core logics to survive longer and earn more in this market.