#以太坊大户持仓变化 $ETH This wave of market movement still needs to be viewed in layers.

**Intraday trading range** revolves around the $3,075 to $3,114 box, with trading volume remaining steady and somewhat dull, showing no signs of breakout with increased volume, indicating that both bulls and bears are testing each other.

**The real watershed is at $3,096**—this price level is very critical. Holding steady above it, Ethereum has the chance to push towards $3,120 or even higher to the $3,190 supply pressure zone. But if it can't break through, then be prepared for a pullback to the $3,060-$3,070 demand zone.

**A bit contradictory** is that short-term technical indicators seem bullish, but they are lacking volume support. This is the most testing time for patience—whether the 4-hour candlestick can stay above $3,100 will determine if this is a genuine breakout or a false alarm. For now, waiting for volume to catch up is the confirmation signal.