ETH breaks through 3150 USDT, can the short-term strong momentum continue

According to the latest news, ETH has broken through the 3150 USDT integer level, with the current price at 3152.88 USDT. Although this breakthrough seems ordinary, combined with recent market performance, it reflects Ethereum’s strong momentum in the short term. However, from a longer-term data perspective, medium-term resistance still exists, and the subsequent trend requires ongoing attention.

Short-term Technical Strength

Recent Price Movements Comparison

Based on market data, ETH’s performance varies significantly across different timeframes:

• 1 hour: up 0.09%
• 24 hours: up 0.96%
• 30 days: up 1.37%
• 7 days: down 3.12%

This data reveals an interesting phenomenon: ETH has rebounded in the past one or two days, with nearly 1% increase in 24 hours, but over 7 days, it remains in a downward trend. This indicates that the short-term rise is a rebound within a medium-term downtrend, not the start of a new upward trend.

Significance of the 3150 Level

The 3150 USDT level, as an integer barrier, holds psychological significance for technical traders. Breaking through this level indicates that buyers temporarily have the upper hand, but whether it can stabilize requires observation. From the current price of 3152.88 USDT, the breakout is modest, suggesting that market momentum is not yet strong enough.

Market Fundamentals Remain Stable

Market Position and Scale

As the second-largest cryptocurrency by market capitalization, ETH’s fundamentals remain stable:

These data indicate that ETH’s market activity remains healthy, with a relatively robust 24-hour trading volume, reflecting good market participation.

Sufficient Liquidity

ETH is traded across 11,380 active markets, which means liquidity is very sufficient, and the bid-ask spread is relatively small. This is a positive factor for traders looking to enter or exit positions.

Key Observations for Future Trends

From the current data, ETH has short-term rebound potential, but medium-term resistance persists. My personal view is that after breaking through the 3150 level, the next focus should be whether ETH can surpass the higher integer level of 3200. If it breaks through, it indicates strengthening rebound momentum; if it falls back, attention should be paid to support around 3100.

At the same time, the overall market risk appetite is also very important. As the second-largest market cap coin, ETH often follows Bitcoin’s trend, so BTC’s movement may be more critical than ETH’s technicals.

Summary

ETH breaking through 3150 USDT reflects short-term upward momentum, but this is a rebound within a 7-day downtrend, not the start of a new trend. The market fundamentals remain stable, and liquidity is ample, providing a foundation for future movements. However, investors should recognize that breaking through an integer level is only a technical reference; a true trend reversal requires more time and volume confirmation. The key levels to watch are 3200 and 3100, along with the overall direction of BTC.