As of 13:10 today (Beijing time), Ethereum is quoted at $3,093, fluctuating between 3080 and 3100. From this position, both bulls and bears are evenly matched, and the market is still waiting for a clear direction.

**Real-time Data Overview**

The 24-hour increase is only 0.21%, which feels a bit dull. Trading volume has dropped to 1.45 billion, a significant shrinkage. The total market capitalization remains stable at 373.9 billion. Looking at the amplitude from 3078 to 3103, it clearly shows a bottoming pattern — large funds are testing the support at the bottom.

**Price Level Layout**

Upper resistance layers: 3105 is the first hurdle (short-term key), around 3140 is the previous high plus liquidation zone, the 4-hour SMA50 is at 3170, and above that is the 3200 integer level.

Support below is also clear: 3075 is the low today and the liquidation point for longs, which is the most critical defense line. Below that, 3050 is the midline of the daily chart, and 3020 is the last fortress for bulls.

**Technical Analysis**

On the daily chart, MACD remains positive (value +12.47), RSI hovers at 52.8, in neutral territory, with prices consolidating around the midline, and momentum clearly waning. The 4-hour chart is more intuitive — Bollinger Bands are tightening, indicating a brewing breakout, with obvious resistance from SMA50. The 1-hour ascending trendline still provides support, but trading volume is sluggish, and indicators are still recovering, so beware of false breakouts.

On-chain data shows some bright spots: Bitmine recently added 86,400 ETH in staking, indicating increasing institutional participation. ETF funds are also net inflows, suggesting decent buying pressure at the medium-term bottom.

**Trading Strategy**

For an upward breakout: 3105 to 3110 needs to be broken with volume and stabilized, then you can go long, with a stop-loss at 3070. The first target is 3140 to 3170; if broken convincingly, 3200 to 3220 is within sight.

For a downward move: if 3075 breaks (without quick recovery within 30 minutes), short positions can be entered, with a stop-loss at 3110, first target at 3050, and further downside targets at 3020 to 3000.

Before a clear breakout, the strategy is simple: keep positions light or continue watching. Avoid high leverage, and strictly limit risk per trade to within 2% of the account.

**Important Reminders**

Fake breakouts caused by low liquidity are very common; confirmation requires both a solid breakout and volume increase. Keep an eye on BTC’s movements; any turbulence in the US stock market can transmit over, and regulatory news must not be ignored. If the 3020 line cannot hold, a short-term correction turning into a medium-term correction could be problematic, and at that point, positions should be significantly reduced.