#币安HODLer空投MMT I took a look at $ETH this morning, and to be honest, I'm not very optimistic.

To be honest, this price level of 3305 is a bit precarious—it has already fallen below the 3317 moving average, and both the 7-day and monthly moving averages are trending downwards. More crucially, the trading volume hasn't picked up at all, and funds are clearly in a wait-and-see mode. In this state, is a rebound likely? Difficult.

We need to keep a close eye on the 3300 mark now. If we can hold it, we can breathe a little easier; if not, the next stop might be 3200. The technical indicators are clear, and the short-term outlook is indeed bearish.

Ethereum currently shows no signs of independent market trends and is likely to follow the broader market. The entire cryptocurrency market is currently in a phase of consolidation, and it's unrealistic to expect ETH to stand out on its own. It's better to patiently wait for market sentiment to improve.

You can pay attention near the support level, but don't rush to buy the dip; let's see if it can hold steady first.