Currently, ETH technicals show a correction trend, with short-term downside pressure in the market. However, if major funds follow in, the oversold region may present a stage rebound opportunity.

Key Data
• Current Price: 3,181.68 USDT
• 1-hour RSI (14): 22.4, already in oversold territory
• 1-hour Support Level: 3,174.95 USDT, Resistance Level: 3,226.11 USDT
• Trading volume continues to shrink, with price and volume declining together
• MACD death cross, short-term momentum is weak
• Professional Analysis
From technical indicators, ETH's multiple period moving averages are currently in a bearish alignment, and the short-term downtrend has basically been established. The 1-hour candlestick RSI has clearly entered the oversold zone, and the price has broken below the lower Bollinger Band, theoretically indicating a technical rebound opportunity. However, the trading volume has sharply decreased, showing a lack of significant buying follow-through in the market. Coupled with the MACD death cross, caution is still advised in the short term.
The daily and 15-minute levels also experienced downward movements, with "volume and price declining together" reflecting insufficient bullish momentum. The bull-bear alternating signals are still unclear. Overall market sentiment is cautious, with the Fear and Greed Index at 32, in the fear zone.
◎ Investment Advice
At this stage, it is recommended to focus on defense and observation:
• For short-term attempts, pay attention to support around 3,175 USDT for a rebound, with a strict stop-loss set below 3,169 USDT.