Ethereum recent trend still quite interesting. In the support area of 3080-50, it has been tested multiple times without breaking below, and instead showing signs of stabilization. The current feeling is like gathering strength, possibly extending upward to test the previous high.

From a technical perspective, the area near the previous high is a small dividing line. An idea for a pending order in the early hours: consider shorting at the 3268 level, with a stop set at the 3300 threshold, and the first target below at 3170. Of course, this is based on some observations of the current chart; market changes quickly, so specific operations should also consider your own risk tolerance.

Next, it’s about observing whether it can break through the previous high. If it can effectively break through, more upward space will open; if it encounters a cold pullback around this area, then the support validity needs to be reassessed. The market is constantly changing, so this approach is only for analysis reference.