Ethereum performed quite interestingly today, quickly rebounding from lows and oscillating higher around $2975. However, after surpassing $3050, it encountered resistance, and the current volatility has been mostly contained within a 150-point range.

The key point is the integer threshold of 3000, where bulls and bears are fighting fiercely. From a technical perspective, the $3000-$3050 zone forms a relatively strong resistance area. If this rebound fails to break through this range effectively, focus should be on the support around $2900 during the pullback.

The market is still repeatedly testing these technical levels, and in the short term, it is likely to oscillate within this range, waiting for clearer directional signals.