#美联储降息 Can Ethereum hold the 3220 level? Recently, this wave of market movement has indeed been a bit mind-boggling.

The price has been repeatedly testing between 3180-3280. From the candlestick performance, it seems like the bears are secretly controlling the market. This kind of high-level oscillation is often a tactic used by the big players to lock in chips.

The ceiling above is very clear—3280-3320 is the first resistance, and further up, 3400-3450 is the true pressure zone. Whenever the price approaches these levels, sell orders tend to crash down. Below, we need to keep an eye on the 3050-3100 vital line, as well as the last defense zone of 2950-3000. These two areas seem to have significant buying support.

To be honest, short-term is indeed chaotic. After the Layer 2 network upgrade, transaction fees became cheaper, and on-chain interactions have also increased. However, these positive news haven't been enough to calm the market sentiment for now. Where funds flow, the market will follow.

The risk of a breakdown is real—if it falls below 3150, it’s likely to head straight to the 3050-3100 zone to test the bottom. Conversely, if a volume breakout above 3450 can stabilize, then 3600-3800 is no longer a dream.

My current advice? Don’t rush. In this market with high uncertainty and obvious signs of manipulation, retail investors’ money is the easiest to lose to the big players. It’s better to wait—wait for two clear signals: either a solid breakout above 3450 or find a stabilization point below 3000. From a long-term perspective, ETH’s fundamentals are still solid, but this phase of the market indeed requires time. Don’t let short-term fluctuations lead you by the nose.