#数字资产市场动态 Recently, ETH's price movement has been extremely strange—two days ago, it surged violently by over 7%, directly reaching $3403, but the next day it retreated, stuck at 3370 and couldn't break through, trading sideways all day. Trading volume shrank significantly, and the upward momentum has basically run out.

Where is the problem? The 3400 level can't be broken at all—every time it touches, it falls back. 3370 has become an iron gate, while the support at 3300, which looks quite safe, is actually very fragile. What's more painful is that leverage positions are stacked very high; those forced to liquidate earlier haven't fully recovered, and now there's a large pile of long positions hanging overhead. As soon as ETH slightly retraces, it will trigger a chain reaction of long-liquidations and further drops.

The RSI is almost entering the overbought zone, and greed sentiment is clearly rising. This kind of high-level dead sideways movement combined with shrinking volume and heavy resistance above is a typical false breakout warning, easily trapping people. Once it breaks below 3290, a waterfall decline could immediately start, with support levels at 3200-3130.

It's still advisable to be cautious: take profits decisively and reduce positions without waiting; chasing above 3350 is purely suicidal; if still holding positions, set a stop-loss at 3290 and exit immediately if broken; the safest approach is to stay in cash and watch, as cash is the best tool for risk mitigation.

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