#数字资产动态追踪 Ethereum Price Movement Deep Dive: Is $3216 a Trap for Shorts or a Signal for a Breakout?

Last night’s market saw another surge. A major whale aggressively bought 2,900 ETH late at night, spending $9.3 million, directly pushing the price up to the critical level of $3216. The market instantly exploded.

What’s the story behind this level? Is it a honey trap set by the big players, or a launchpad for the next upward wave?

On-chain data hints at the situation: the whale has transferred out 2,900 ETH but still holds 20,081 ETH, indicating clear signs of market control.

Looking at the trend, the price hit a wall at $3216. The $3171 level has been suppressed three times, each rebound weak, trapped in a narrow-range oscillation. Bulls and bears are fiercely contesting here.

Interestingly, the selling pressure around $3250 has recently weakened, with signs of retreat becoming more obvious. This contrasts sharply with the apparent volatility on the surface.

From a technical perspective, $3076 is a strong support level, with mysterious buy orders continuously absorbing sell-offs. $3171 is the core battleground for bulls and bears, while $3262 is the real resistance line for upward movement. The order book ratio shows +0.30%, hinting that major players are quietly accumulating.

The price has tested $3250 three times without breaking through, and has not fallen below $3171—this rhythm feels familiar. The prelude to “three attempts fail, then a breakout” is unfolding.

Currently, it’s a critical decision point. Light positions can try to go long, but if $3171 breaks, stop-loss immediately. Conversely, if the price breaks above $3262, add to positions and aim for $3300.

Most retail traders are waiting for support at $3171, but the main players might have a completely different plan—counteracting and triggering a short squeeze. We will analyze how the big players preemptively sweep the order book by one second, so stay tuned if you want to catch the bottom.