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Looking at the recent ETH market, the price has dropped back into the previous range. The key issue is whether it can hold.
To truly stabilize, Ethereum must break above the 3250 level to be considered solid. Currently, it has rebounded over 100 points, but the volatility is very high, with frequent fluctuations close to 100 points. This kind of market rhythm makes it uncomfortable for anyone.
The most difficult part is the feeling of being stuck in a stalemate. Once the support is broken, the next technical correction may be imminent. Therefore, the next focus is whether Ethereum can establish effective support at a critical level. If it can hold above 3250, that would be a meaningful breakout. Otherwise, this repeated oscillation will only drain traders' confidence.