Ethereum has been trading sideways with reduced volume all day as usual. The upward momentum in the US stock market after hours has clearly weakened, and in the short term, it faces a resistance level at the round number of 3200 points, with a support level at 3140. The major resistance level is at 3260 (0.618), and large long orders got liquidated around 3100. The major support level is near 3070. Overall, it is still in a downward trend within a sideways range, and we will see if the institutions will enter the market to trigger a market turning point tomorrow night #当前行情抄底还是观望？ .

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🚀 #GateNewbieVillageEpisode6 ✖️ @discovery
💬 Your greatest enemy is your own emotions.
Share your trading journey | Discuss strategies | Grow with the Gate Family
⏰ Event Time: Nov 12 10:00 – Nov 19 16:00 UTC
How to Join:
1️⃣ Follow Gate_Square + @discovery
2️⃣ Post on Gate Square with the hashtag #GateNewbieVillageEpisode6
3️⃣ Share your trading experiences, insights, or growth stories
— The more genuine and insightful your post, the higher your chance to win!
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3 lucky participants → Gate X RedBull Cap + $20 Position Voucher
If delivery is unavailable, the prize will be replaced