Macroeconomic events are about to unfold, and the market has entered a tense waiting phase. On the daily chart, Ethereum shows a typical pre-event buildup pattern—converging volatility, decreasing participation, and the entire ecosystem holding its breath for that turning point.

From a technical perspective, the 3200-3160 range is currently the most noteworthy support level. This is not only the lower boundary of recent consolidation but also the last line of defense that bulls are fiercely guarding. If the daily chart can stabilize in this area or even confirm a rebound after a successful retest, the risk-reward ratio for a small position long would significantly improve.

Switching to the four-hour chart provides more actionable insights. The current price is approaching the critical zone of 3210-3160. At this point, close attention should be paid to signals—once the RSI moves out of oversold territory or a clear bullish engulfing pattern appears on the candlesticks, it can be reasoned that this is a rebound opportunity based on key support. The initial target can be set at 3300; with good timing, a decent rebound can be captured.

But don’t forget, the night before an event is often emotionally sensitive and risks can spike unexpectedly. Chasing the market or panicking can only deplete your resources. The correct approach is to lock in support zones, wait for signals, take small positions, and set stop-losses. Finding certain opportunities amid uncertainty is the most probable way to succeed.