Ethereum is currently testing key resistance levels between $3,094 and $3,291. The price action here will be crucial for determining the next directional move. Looking at Bitcoin's technical setup, the chart suggests following the orange scenario—this pattern typically indicates where altcoins like ETH might find their path forward. Traders should watch these zones closely as a breakout or rejection here could signal broader market momentum shifts.

The price trend of Ethereum is becoming a market focus. According to data, once it breaks through the $3200 threshold, the liquidation pressure on short positions on mainstream exchanges will instantly surge to 9.07 billion. From another perspective, if the price drops below $3000, the liquidation strength faced by the bulls is also not to be underestimated, with a scale of up to 9.16 billion. When this balance of bullish and bearish forces is broken, the market may experience intense volatility.

Ethereum has stabilized above the $3100 mark, a position that carries significant market signal implications. From the market performance perspective, the top 20 mainstream cryptocurrencies are likely to follow the trend set by a few strong leading players. The following are worth early positioning: The Solana ecosystem has recently maintained high popularity, on-chain activity continues to strengthen, and the chart structure clearly shows a bullish trend. Chainlink, as the leader in oracles, has been accumulating in recent zones, with large funds quietly building positions, which is often a prelude to a price surge. Although Injective has a smaller circulating supply, precisely because of that, once market sentiment shifts, its price volatility can be substantial. The performance of these three tokens may serve as a demonstration for other mainstream cryptocurrencies. It’s still worthwhile to get ahead of the curve.