$ETH Ether is back with a classic妖市 one shot! After consolidating around 3300 for two days, it suddenly spiked to 3367 at 2 AM, indicating bulls want to continue; but by 7 AM, it dropped sharply, plunging to 3175, currently hovering around 3200 with fluctuations, a 24h decline of over 3-4% (currently around 3219-3230, slightly recovering after being oversold).
The reasons for this wave are simple: Profit-taking + macro cooling: 2026 started too aggressively, institutions/retail investors locked in profits, leading to a wave of long liquidation; Fed's cautious expectations: only expecting one rate cut (less than the market), risk appetite cooling, tech stocks in the US experiencing a pullback; Liquidity + holiday aftershocks: after the weekend, capital backflow is slow, a thin market can collapse with a big sell-off; Technical aspect: 3367 faced resistance (previous high + Fibonacci), 3175-3200 serves as short-term support, if broken, watch for 3150-3100. Now, this position around 3200 is just a garbage time oscillation!