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Recently, I've been watching the ETH trend, and after the night trading session, the rhythm has clearly shifted. The bullish dominance has been ongoing, and from the technical indicators, the RSI is currently at 53.8, which is at a fairly healthy level and hasn't reached the overbought warning line. Under this condition, my judgment is: not to buy now, as there's an 80% chance of chasing the high later.
Let's talk about the specific situation. ETH has been fluctuating around $3226 recently, but my intuition tells me this price level won't be a long-term residence. From a technical perspective, the support below is firmly held at $3162.22. As long as this level isn't broken, I still maintain a bullish outlook. The resistance above is at $3291.30. If it can be effectively broken through, there may be a larger upward space ahead.
The key point to watch is at $3275.16. Once this level is broken, I expect a relatively significant upward trend. So my trading idea is: closely monitor the $3275.16 line, and consider gradually increasing positions if it breaks through; if it reverses and breaks below $3162.22, then stop-loss and exit. The market always has reasons, and protecting your principal is the most important.
For friends who haven't entered the market yet, now is indeed a worthwhile opportunity window to consider. Don't wait until the real rally comes and regret not acting in time. Of course, position management is the first principle—never go all-in—everyone knows the volatility of the crypto market. Wishing everyone to seize this opportunity.