Ethereum is currently hovering around $3,189, with a slight increase of 0.64% in the past 24 hours, fluctuating within the range of 3176 to 3200. Recently, the tariff conflicts between the US and Europe frightened the market, coupled with the withdrawal of safe-haven funds, causing Ethereum to pull back from its highs, and many longs were forced to close positions during this adjustment.

The current situation is a tug-of-war between bulls and bears, and in the short term, it still appears weak. Friends looking to buy the dip should keep an eye on the 3170-3180 range below, which is an important support level. If this level is broken, there may be further downside potential. Conversely, if it pushes upward, the 3270-3300 range faces significant resistance and is not easy to break through in one go. Moving forward, it is essential to closely monitor macroeconomic changes and capital flows, as macro factors often determine the short-term market direction.