Ethereum's tonight's trend mainly depends on whether it can hold the 3190 support level.

From a technical perspective, if the price stabilizes within the 3190-3220 range and shows signs of stabilization, short-term traders can consider taking a light long position. Pay close attention to the resistance zone around 3370-3390; once broken, the upward momentum can continue. For stop-loss placement, it is recommended to set it about 30 points below the support. If using low leverage, keeping the initial stop-loss within 1% of the entry price is sufficient. As the price moves higher, you can gradually raise the stop-loss to protect profits.

Conversely, if the rebound to around 3370-3390 shows signs of stagnation or a clear reversal signal, this area becomes a good short entry point to maximize risk-reward ratio. Alternatively, if the price directly breaks below the 3190 support and turns into resistance, wait for a rebound that gets rejected before entering a short position. Key levels to watch below are 3120, 3080, 3030, and 2950.

Currently, the market is at this crossroads, deciding the direction. The key is whether the 3190 support can truly hold effectively, and whether the resistance above 3370 is strong enough. In trading, always keep positions light and plan your risk management in advance. Adjust entry points and stop-loss levels flexibly based on actual market volatility; avoid being too rigid.