I recently came across an interesting discussion: Can Ethereum break through $3000 in January? Meanwhile, a batch of new tokens under $0.05 has also been catching attention. Honestly, this phenomenon is quite intriguing.

Let's first look at the current situation of ETH. The price is around $3144.44, and the market is in a consolidation phase. The RSI indicator shows 49.6, which is in the neutral zone—neither overbought nor oversold. From a technical perspective, support is at $3081.55, resistance at $3207.33. If the price can stabilize above $3191.61, the probability of a breakout will significantly increase.

I believe the emergence of new projects and the continuous expansion of the Layer2 ecosystem are indeed beneficial for Ethereum. These developments will attract more attention and capital to this area. So, from a fundamental perspective, there is still room for imagination.

Regarding trading ideas, my approach is this: first, maintain the current position, and consider adding more only after the price clearly breaks above $3191.61. Set the stop-loss at $3081.55 and target at $3207.33. Basically, wait for a signal, see the trend, and then act—discipline is essential even if the urge to trade is strong.

What do you all think about this level? What are your thoughts?

Key reference levels:
• Support below: $3081.55
• Resistance above: $3207.33
• Key breakout level: $3191.61