$ETH Technical Analysis:

General Trend: The price witnessed a sharp decline followed by a rebound and partial recovery.

Strong Support: 3,050 - 3,100 USDT (if broken, we may witness a larger decline).

Strong Resistance: 3,250 - 3,300 USDT (if broken, we may witness a new rise).

Relative Strength Index (RSI): around 50.32, indicating a balanced market without overbought or oversold.

Trading Volume: High, indicating strong activity in the market.

3. Market Trend:

Buy: 70.90% (positive indicator of investors' willingness to buy).

Sell: 29.10% (low selling pressure compared to buying).

4. Recommendations:

✅ Potential buying opportunity if the price stabilizes above 3,200 USDT, targeting 3,300 - 3,350 USDT.

❌ Possible downside correction if the price drops below 3,100 USDT, with a potential to reach 3,050 USDT.

🎯 Holding the coin (HODL) is possible for long-term investors due to the overall positive trend.