Ethereum is currently quoted at $3,099.7, down 2.32% in the past 24 hours. The current fluctuation range is between $3,054 and $3,184. From a technical perspective, the 4-hour Bollinger Bands are tightening, and the RSI indicator is in the low zone, indicating early signs of a potential recovery.

From a support level standpoint, $3,050 is the first line of defense for the day. If this level is broken, the last bottom line for the bulls is $3,000. If even $3,000 cannot hold, there may be an accelerated decline toward the $2,900-$2,880 range. On the upside, $3,180 presents a clear resistance. If the price can break and hold above this level, it could continue to rise toward $3,250-$3,300.

On-chain DeFi locking volume remains stable for now, but short-term trends will still depend on overall market movements. As for trading suggestions, consider entering around the $3,050-$3,100 low range, and start reducing positions near $3,180.