Ethereum daily support breaks down, hidden risks lie, 3100 becomes the short-term dividing line | Intraday simulation
On the daily level, although the Ethereum price quickly rebounded after dipping to 3023 yesterday, it did not break through the key psychological level of 3000, but the overall structure still appears weak. This pin bar rebound was not accompanied by a significant increase in volume, making it difficult to confirm a valid bullish defense; it is more a repair of emotions after a technical breakdown. The current price continues to be under pressure below the short-term moving averages, and if the subsequent entity closes confirm a break below the 30-day moving average (dynamic support is around 2980-3000), then the daily level may initiate an accelerated downward trend, at which point caution is needed for a rapid dip toward the 2850-2900 area.
Short-term trends show insufficient strength and sustainability after the pin bar formed at 3023. The current price is constrained by the resonance pressure zone formed at 3100-3130, which is both the high point of yesterday's rebound and the overlap of the short-term downtrend line and moving average pressure. If the rebound cannot effectively break through this pressure zone, the price is likely to revisit the 3020-3000 support zone, forming a low-level oscillation structure. Only a significant breakout and stabilization above 3150 could improve the short-term weak structure.
Intraday operation suggestions:
Short position near 2960-2990, target 3030-3050
Short position near 3120-3150, target 3030-3050
Today's focus: $BTC
