ETH this wave of market movement is quite interesting. On the four-hour chart, it has already broken through the trendline, but is now stuck at the selling pressure above. My view is that in the short term, it may retest the green line around 3100 to seek support.

This will be an important observation point. If the price can close with a lower shadow, indicating strong buying momentum, then it’s worth considering an entry. Conversely, if it directly breaks below, it may need to continue looking for support further down.

The key still depends on the battle between buyers and sellers. The performance of the support level often reflects the overall market’s buyer determination. The current trend is upward, but technical resistance must also be respected. The next step is to see if 3100 can hold steady.