Ethereum has recently fallen into a tug-of-war between bulls and bears, which is a very critical trading point. Based on the latest data, the situation is as follows: if ETH drops below the support zone, it will trigger a large number of long liquidations, and the downward pressure will be quite fierce. Conversely, if it can break through the resistance above with strength, short positions will face forced liquidation, potentially leading to a rebound.

In the short term, Ethereum is showing some weakness, with obvious consolidation characteristics, and the momentum is not very strong. However, there is a detail worth noting — the staking queue is continuously growing, and the exit queue has already been cleared. This indicates that the market still has confidence in Ethereum’s long-term value, and this optimism provides it with some resilience during volatility. Now, we are waiting for a clear directional catalyst to break the deadlock, and investors should keep an eye on possible breakout opportunities.

Looking at Bitcoin, the current price is around 3092.15 USDT. On the technical side, 3086.26 is a nearby support level, which can be considered for positioning. The broader support zone is between 3052.43 and 3087.35, while the resistance above is distributed between 3093.53 and 3148.0. The trading strategy is: when the price approaches the support level, place buy orders; if it breaks below support, immediately stop loss to avoid risks.