After the ETH3300 level was broken with volume, it quickly recovered at night. However, after the volume-reduced rebound ended, it was soon suppressed again, continuing a downward trend during the day. Currently, there are signs of a gradual bottoming out, and some shorts have begun to close their positions. However, from the holding data, the short positions for ETH are still relatively high, with the total short positions increasing throughout the decline.
The larger scale potential strong support zone for ETH is around 3030-3100. Only if we see a breakdown in this area followed by a quick recovery can we declare ETH's strength.
Several positions that need attention
Support Position
First Position 3176
Second Position 3020
Third Position
Resistance Position
First Position 3335
Second Position 3413
Third Position 3476
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