#美国核心物价涨幅不及市场预估 The Ethereum correction in the early morning is quite interesting. After failing to hold above the $3200 level, it quickly plunged, with the lowest dropping to $3165. Although it has rebounded to around $3190 now, you can see it’s still sitting below that large bearish candle from early morning—that’s quite uncomfortable. $BTC

In simple terms, $3200 has already turned from support into a clear short-term resistance. As long as it can’t reclaim this level, the trend must be considered bearish.

From a technical perspective, on the 4-hour MACD chart, the fast and slow lines are about to form a death cross above the zero line, and the red momentum bars are starting to shrink, indicating that the upward momentum is indeed weakening. More directly, the price has now fallen below the middle band of the Bollinger Bands (around $3195). The short-term moving averages are also beginning to flatten or even show signs of turning downward. If the price continues to oscillate below the middle band, the bearish strength will be further confirmed.

The trading strategy looks like this: if it moves further down, the first level to watch is whether the $3165 (early morning low) can hold. If it breaks this, the next support zone could be around $3140-$3150, where there are previous support levels and the 30-day moving average on the daily chart. Conversely, to reverse the situation, a volume-supported rebound is necessary, and it must stabilize above $3210 to be meaningful.

In the short term, consider the $3200-$3210 range as resistance. Below this zone, a bearish outlook should be maintained, and stop-loss levels should be set properly.