📊 Summary of current situation

Current price: around 3,220

Previous high: around 3,250 ~ 3,255

Price movement summary:

Sharp bounce → formation of highs → ongoing short-term correction

Market condition:

Trend still remains, but balancing short-term overheating

👉 This is not the time to chase and buy, but to see where the correction ends.

📉 Moving average (MA) structure

MA7 / MA25: turning down after a sharp bounce

MA99: slowly moving upwards, current price is testing support near it

That is:

Short-term: profit taking and consolidation after a sharp bounce

Medium term: overall structure still remains in an uptrend

👉 Special attention is needed if going below or holding at MA99 (around 3,215~3,220).

📐 Bollinger band approach

Strong bounce touching the upper band

Return within the band after this → natural correction

Currently searching for direction around the midline

👉 Volatility is decreasing and preparing to choose the next direction.

📉 RSI analysis

RSI dropped sharply after a strong bounce

Exiting overbought condition

Not currently oversold

👉 Slight possibility of additional decline remains,

But currently it is not a seller-dominated area.

🔑 Main support / resistance zone

🟢 Support zone

3,215 ~ 3,220

MA99 + short-term main support

3,200

If this level breaks, the short-term bullish scenario may weaken

🔴 Resistance zone

3,235 ~ 3,240

First resistance on a short-term rebound

3,250 ~ 3,255

Daily high, strong supply zone

🧠 Strategy summary

✅ Conservative long strategy

Entry after confirmation of support in the 3,215~3,220 area

Approach on volume decrease + candle stability

Target: 3,235 → 3,250

Stop loss: break below 3,200

⚠️ Aggressive long strategy

Confirmation of break and hold above 3,240

Target: retest the previous high

Quick response needed on failure

❌ Buying by chasing at the current price

Risk vs reward ratio is extremely unfavorable

Higher chance of getting stuck at highs

🔚 Conclusion in one line

Ethereum is in a healthy correction phase after a sharp bounce,

And support at 3,215~3,220 is the key point for determining the next direction.

Currently waiting is a more favorable strategy.

📌 Investment risk warning

This chart analysis is for informational purposes only and does not guarantee any type of buying, selling, or profit. The cryptocurrency market is highly volatile, which can lead to losses in investments. All investment decisions are the responsibility of the investor themselves, and this content should only be used as a reference.