Ethereum just broke through the 3100 USDT integer barrier. Although the 24-hour increase is only 0.43%, taking this key level indicates that the bulls' strength should not be underestimated.
Why pay attention to this wave of market movement? The key points are here:
First, integer barriers have never been a joke. Successfully breaking through the 3100 level suggests a shift in market participants' expectations for the future. Buying interest is supported here, and short-sellers are not daring to be too aggressive.
Second, a gentle volume increase during a breakout is often healthier than a sudden surge. Without frantic rapid rises, it may instead indicate more thorough chip turnover and a more solid foundation. This is not a day-trading frenzy but a genuine bullish atmosphere.
But one point must be emphasized—breaking through is just the beginning; whether it can hold steady is the real key. The next movement could follow two paths: either consolidating around this level with sideways trading or continuing upward to seek further breakthroughs. There is more room above to explore, but risk and opportunity always go hand in hand.
The temperament of the crypto market is unpredictable. When the trend arrives, you need to be alert, but don’t let FOMO cloud your judgment. What do you think about this wave? Is it the start of a new upward cycle or just a technical rebound? Feel free to share your thoughts in the comments.
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Ethereum just broke through the 3100 USDT integer barrier. Although the 24-hour increase is only 0.43%, taking this key level indicates that the bulls' strength should not be underestimated.
Why pay attention to this wave of market movement? The key points are here:
First, integer barriers have never been a joke. Successfully breaking through the 3100 level suggests a shift in market participants' expectations for the future. Buying interest is supported here, and short-sellers are not daring to be too aggressive.
Second, a gentle volume increase during a breakout is often healthier than a sudden surge. Without frantic rapid rises, it may instead indicate more thorough chip turnover and a more solid foundation. This is not a day-trading frenzy but a genuine bullish atmosphere.
But one point must be emphasized—breaking through is just the beginning; whether it can hold steady is the real key. The next movement could follow two paths: either consolidating around this level with sideways trading or continuing upward to seek further breakthroughs. There is more room above to explore, but risk and opportunity always go hand in hand.
The temperament of the crypto market is unpredictable. When the trend arrives, you need to be alert, but don’t let FOMO cloud your judgment. What do you think about this wave? Is it the start of a new upward cycle or just a technical rebound? Feel free to share your thoughts in the comments.