Recently, Ethereum's price movement has indeed been somewhat stagnant, but a closer look at the technicals reveals that many interesting developments are brewing.

Currently, ETH is stable around $3100, down 4.4% yesterday, with a 24-hour trading volume of approximately $110 million, and the funding rate remains slightly positive. From the chart, RSI continues to climb from the neutral zone, which to some extent suggests that the possibility of a rebound is building.

Looking downward, the support zone between 3004-3080 is critical—there is a daily-level imbalance gap that needs to be filled. However, institutional buy signals are still relatively weak. If the price can hold above 3046, the medium-term target could point toward the 3654-3839 range, with more aggressive targets even reaching 4392-4956, though this would require breaking through the current bearish order block.

On the resistance side, 3300 appears particularly stubborn, with EMA20 at 3079 and EMA50 at 3129. Overall, the downtrend has not been truly broken, but signs of revival are flickering—such as increasing mainnet inflows and a slight rise in total value locked (TVL) in DeFi. This indicates that market focus is gradually shifting from short-term speculation to actual application development.

Interestingly, market sentiment is quietly shifting from neutral to slightly greedy, but trading volume remains relatively low, suggesting that most participants are currently taking a selective approach. The best strategy at this point is to be patient and wait for the price to come to you, rather than guessing blindly.

Risks should also be kept in mind—geopolitical fluctuations and large unlock waves could disrupt the market at any time. However, looking at the overall pulse of the crypto market, good news is that some community projects are focusing on education and practical development, which adds positive energy to the market.

In summary, will Ethereum break through 3300? This is a question worth ongoing attention, but the answer likely depends on how the upcoming market supply and demand dynamics unfold. What are your thoughts?