Sounds like the belt is loose on the pulleys? Maybe something else, but you have to get inside it to check.
* Refer to the service manual (the EC3200 is almost the same as a EC3000) for hints :Page 4,5,19,20. Read this manual.
http://d3f8w3yx9w99q2.cloudfront.net/1952/Cateye-Fitness-EC-3200-Stationary-Bike/Cateye_Fitness_EC-3200_Stationary_Bike_Service_Manual.pdf
* Take out every screw holding the white plastic cover and the crank bottom bracket cover. Also take off the screws that hold the black seat post and handle bar post covers together. Now the covers should come apart to access the guts.
* Inside there is a belt system and chain system.
* Belt system: Check there are no loose nuts on the axles that connect to the pulleys. If there are, try to pull the pulley so that belt is tensioned as you tighten the nut.
* If the plastic teeth are loose on the big belt pulley (that's bad), you may have to try to glue it back to the metal part of the pulley. Don't be sloppy and get glue on the teeth... A runny epoxy may be able to get into the interface between the plastic teeth and metal part.
* If the belt is worn out you may be able to find it with a WWW search or from an industrial supplier like
McMaster Carr
https://www.sdp-si.com/eStore/CoverPg/Drive_Components.htm
* Chain system: Check the chain freewheel (the small one) is working correctly.
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