Affected by macro uncertainties such as the US-Europe tariff dispute, the crypto market generally came under pressure today. Ethereum prices subsequently retraced, falling below the $3,230 level, with short-term technical weakening. Currently, the price is testing the key support zone of $3,150-$3,200. Ethereum experts believe that the critical support in technical patterns is: $3,200 is the recent core psychological and technical support level. If it can be successfully held, there is hope to revisit the resistance zone of $3,400-$3,450.

Potential Pattern: The market has formed a potential bullish technical pattern during consolidation, such as a descending wedge and a cup-and-handle pattern, providing possibilities for a subsequent rebound. Risk Reminder: If the support zone of $3,150-$3,200 fails, it may open the space for a further decline to $3,000.