Reviewing the early morning trend, Ethereum briefly tested $3124 before clearly facing resistance and pulling back, forming a clear short-term high. Subsequently, the price oscillated downward, with a low near $3090, indicating heavy selling pressure above and insufficient bullish momentum for a rebound.

From a technical perspective, the market has already shown bearish signals: $3124 has become an effective short-term resistance, and the price is currently testing the key psychological and structural support at $3100. This level is a focal point for bulls and bears; if it is effectively broken downward, it will confirm a reversal of the short-term upward trend, opening further downside space. The next support levels are around $3070-$3080.

Therefore, the overall trading strategy this morning should focus on shorting from the highs. It is recommended to watch for resistance signals when the price rebounds to the $3125-$3145 range and to set stop-losses above $3155. The primary target is below $3090; if the $3100 level is confirmed to be broken, the next target could be $3070-$3080. #GateFun马勒戈币暴涨1251.09% $BTC