Ethereum's support at the 3000 point level is known as a "solid wall", having undergone 7-8 tests without being breached. If this key position successfully withstands another impact, the likelihood of Ethereum launching upward with a significant breakout will greatly increase.
Looking at the exchange rate trend between ETH and BTC, as soon as it touches around 0.0365 on the 4-hour chart, pressure emerges, forcing the price to retract, currently showing an overall consolidation pattern. For Ethereum, pay close attention to the support line near 3280, while focusing on the resistance at 3520. The dynamics of these two key areas may influence Ethereum's subsequent direction.
