ETH is currently experiencing consolidation after a decline, with bulls and bears engaged in intense confrontation, making the market somewhat delicate.

From a technical perspective, the medium-term outlook is somewhat weak. This recent rebound is merely a technical correction. Looking upward, the 3150-3180 range is a resistance zone. Bulls need to break through this area to advance. The momentum indicators give conflicting signals — while the downward trend remains valid, short-term momentum is waning, and market sentiment is uncertain. Trading volume also shows a lack of sustained buying power, which is a clear warning sign.

How to interpret key levels? The lifeline for bulls is at 3050-3060. Losing this level would mean a new downtrend begins, with the next support at the psychological level of 3000. On the bear side, resistance is mainly at 3150-3180. If bulls can break through this zone with volume and hold above 3180, the situation could reverse.

The likely market trajectory is as follows: the first possibility (60% probability) is that the price fluctuates between 3050-3180, indicating a neutral to slightly bearish trend; the second possibility (25% probability) is a volume-supported breakdown below 3050, continuing downward; the third possibility (15% probability) is a volume-supported breakout above 3180, challenging previous highs.

In terms of trading strategy, those holding positions should use 3050 as a stop-loss reference point. Heavier positions can reduce exposure if resistance zones show signs of stagnation. For those still observing, wait for a confirmed direction before entering. For long positions, look for a breakout or stabilization at low levels; for short positions, consider trying when facing resistance, with a stop-loss placed above 3180.