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The key to Ethereum's movement tonight depends on whether it can hold the 3200 level.
If it can stabilize above 3200 in the early morning? Then a technical rebound may occur in the short term, with the first resistance band between 3250 and 3300. Note that it must establish a firm footing in this range, only then will there be a chance to continue pushing upward.
But what if it fails to hold 3200 at the hourly close? Then the rebound will lack strength, and there might even be a second bottom test. The support levels to watch below are around 3100-3070—this is the recent bottom zone of the volatility, and the support strength is fairly solid.
Simply put, 3200 is tonight's critical threshold; if it goes up, there is hope, but if it can't hold, be cautious of the subsequent pullback. ETH holders should keep a close eye on these key price levels and prepare accordingly.