Ethereum has recently been on a strong upward trend. The price successfully broke through the key resistance at $3350 and headed towards around $3400. However, after a rapid rise, a correction has followed — it has now fallen back to the $3280 level, which is a very critical point, in a sense a life-and-death line. Holding this level gives Ethereum a chance; breaking below it sharply increases the risk.

From a technical perspective, ETH has stabilized above the 100-hour moving average, and the hourly upward trend line is clearly visible. This indicates that the short-term bullish momentum is still burning, making it difficult for the price to plunge significantly all at once. To put it another way: each time the price dips near 3280, buying support appears, repeatedly reinforcing the validity of this support level. This repeated pattern is not a bad signal; rather, it demonstrates the stability at the bottom.

The next key point to watch is clear: as long as ETH stays above $3280, new highs are still possible. But don’t forget, the previous high at $3400 will still exert pressure. A true breakout will require sustained buying strength. Additionally, the current correction is essentially a healthy consolidation, as the market digests the previous upward move, which is beneficial for subsequent sustained upward trends.

Overall, Ethereum is in a correction phase after a strong rebound, with solid support and an overall bullish trend. The strategy for beginners is simple: focus on the $3280 support. If it holds, the upward potential is considerable; if it breaks, be prepared for the risk of a second dip. This is a period for observation, not for chasing the rally.