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Recently, the market sentiment has been dominated by a strong air of caution, especially for ETH. After a significant correction earlier, market participants generally expect further declines. However, there is an interesting phenomenon: when market opinions are highly consensus, it often indicates that the most worthwhile counter-strategies are just around the corner. History repeatedly proves that real opportunities are hidden in corners overlooked by everyone.
Currently, ETH is showing a typical oscillating consolidation pattern. It appears calm on the surface, but in fact, the bottom is quietly accumulating momentum for a breakout. Such consolidation is often a prelude to a major move. Smart traders should not follow the crowd in shouting short but think in reverse—when most people are bearish, identify severely undervalued opportunities, lay in wait early, and prepare in advance.
Regarding technical analysis, let's look at specific data:
**Current BTC price is 3119.0 USDT**
**Support level at 3086.26** — this is a critical level and a good place to position for a buy
**Resistance level at 3183.68** — only 2.49% above the current price, so the pressure is not high
**Recommended approach**: Place buy orders near the support level; if the price breaks below support, stop-loss immediately.
The market never rewards followers, only those traders with independent judgment can harvest real gains in the cycle rotation.