Ethereum's recent trend is quite worth paying attention to. On the four-hour chart, the price has been hovering around $3,200, clearly accumulating strength. From the high of 3346 down to 3224, consecutive bearish candles indicate some downward pressure, but the level hasn't been completely broken.

In terms of candlestick patterns, the daily chart shows relatively long upper and lower shadows, indicating intense battles between bulls and bears. The MACD has already crossed to a death cross, and the histogram below the zero line is still expanding negative values, suggesting short-term bearish dominance. The RSI(14) is currently at 40.70, approaching oversold territory but not fully there yet, indicating that downward momentum still needs to be observed. Regarding EMAs, the price has already fallen below the 7 and 30 lines, far from the 120 line, which indicates short-term resistance.

How to view technical support? The 3170-3180 zone is a recent area of high trading volume and previously served as a bottom, making it the first line of defense. If this level fails, 3100 is the real psychological threshold and an important support level in the daily uptrend.

As for resistance levels, repeated rebounds at 3270-3300 have been blocked here, with bulls and bears fighting fiercely. A volume increase is needed for a true breakout. Looking upward, 3350-3400 is near previous highs, and the upper band of the Bollinger Bands is also around this area. Once the price stabilizes here, the upward space opens.

From a trading perspective, entering long positions around 3200-3210 is a relatively safe choice, targeting the 3240-3280 zone. If the price can hold above 3300, continue holding. However, such strategies are time-sensitive; the market changes rapidly, so trading should be flexible.