Ethereum Latest Market Analysis + Support and Resistance Levels Sharing!!! #ETH $ETH

📉 Weekend Night Market Analysis: 3100 Key Level Lost, ETH Re-tests "Psychological Bottom Line"
Latest Situation:
Significant Pullback: Compared to the surge to 3215 on January 7, ETH has shown weakness over the past three days, following BTC's correction trend with a continuous decline. Currently, the price at 3096 has effectively broken below the short-term support at 3100, indicating that the previous breakout failed to stabilize, and the market has shifted to a "weak oscillation."
Relatively Weak: While BTC still holds around 90,000 (only about 4% retracement), ETH has retraced more significantly from its high and lost key support levels. This suggests that funds are prioritizing withdrawal from altcoins and Ethereum amid risk-averse sentiment.
Key Battle: The current price hovers around 3080, which is the last line of defense for the day. If it falls below 3080 tonight, weekend行情 may further decline to seek stronger support at 3000 - 3020.
1. Support and Resistance Levels (Precise Calculation)
Short-term Support (1-3 days, Weekend)
3080: Intraday alert line. The low point of today’s Asian session. Falling below here tonight indicates the correction is not over.
3050: Structural support. The previous rally’s relay platform and a potential take-profit zone for short-term bears.
3000 - 3020: Core bottom line. A major integer level and the last line of defense for bulls. Buy orders here will be very thick.
Medium-term Support (1-2 weeks, Swing)
2950: Previous neckline (top-bottom reversal).
2880: Absolute bottom at the end of December, a large-scale trend support.
2800: Deep decline target.
Short-term Resistance (1-3 days)
3120 - 3130: Immediate resistance. Previously support, now turned into a "cap" for short-term rebounds (top-bottom reversal).
3180: Short-term oscillation upper boundary.
3220: Previous high resistance, strong pressure zone.
Medium-term Resistance (1-2 weeks)
3350: Swing high.
3500: Trend reversal confirmation point.
3800: Bull market target.
2. Overall Analysis and Best Entry Strategies
Overall View: Currently at 3096, in the process of "correction seeking support."
Bullish Logic: Although it broke below 3100, it is not far from the 3000 threshold, and the risk-reward ratio is gradually improving. Entering long positions in the 3000-3050 range has a higher win rate.
Bearish Logic: The short-term trend is downward, and the inability to rebound above 3120 presents a shorting opportunity. However, support at 3000 is very strong, limiting the space for chasing shorts.