Early morning Ethereum showed strong upward movement, reaching a high of $3,266 before facing resistance and pulling back. The current price has retraced to around $3,220. Our long positions established in the early morning successfully took profit of over 80 points, once again confirming our precise grasp of the upward trend. Although the bullish momentum is still being released and the key support at $3,200 has not been broken, there is a clear short-term need for a correction.

After a nearly 250-point surge in a short period, the price encountered significant resistance near $3,266 and began to decline. This typically indicates a short-term momentum exhaustion, with some profit-taking starting to exit the market. From a technical perspective, the hourly and shorter-term indicators have entered overbought territory, suggesting the market needs a correction to repair the steep slope and attract new bullish capital, thereby building healthier momentum for subsequent rises. $ETH #加密市场开年反弹

Therefore, the suggested morning strategy is to shift towards expecting a correction. Initial resistance is focused on the $3,230–$3,240 zone, with strong resistance near the previous high of $3,266. The first support level to watch is the $3,200 integer mark; if broken, further declines to the $3,170–$3,150 zone may occur. It is important to emphasize that this correction should be viewed as a technical adjustment within the upward trend, not a trend reversal. If the price volume stabilizes above $3,250, then a timely adjustment of the outlook is necessary.