ETH: Market Analysis

The low point at 3282 rebounded quickly to around 3328, forming a stage high
After a sharp rise, a clear pullback occurred, retesting the 3295–330 area
Currently, the price is oscillating sideways around 3310
Forming a 15-minute upward correction structure and a high-level range with a high point that did not make a new high, from 3328 to the second high at 3316
The low point gradually lifted from 3282 to 3296, indicating a short-term balance battle between bulls and bears

Key Levels to Watch:
Above:
3320 – 3330 (Short-term strong resistance level)
3360 – 3400 (Trend reversal resistance zone)
Below:
3295 – 3300 (Current core support level)
3250 – 3260 (Previous low structure support)
3200 – 3220 (Medium-term trend defense zone)

Risk Points:
Effective breakdown below 3260 with failure to recover on the 15-minute chart invalidates the current high-level correction structure, shifting to a short-term bearish dominance with a target of 3220-3180
A volume breakout above 3350 that stabilizes and fails the bearish defense may lead to accelerated upward movement; short positions should be stopped promptly to avoid missing out
Currently in a high-level oscillation phase, with a high probability of false breakouts and pin bar patterns; heavy positions and chasing prices are not recommended