Ethereum's current market is not exhibiting a sharp V-shaped rebound, but rather a "slow bottom-building" recovery. This type of trend may involve repeated fluctuations and back-and-forth movement, and the pace of progress appears hesitant. However, it precisely retains the potential for a strong upward move in the future. It reflects that the market is gradually calming down from the panic of a one-sided decline, and bullish forces are starting to gather at lower levels. As long as the key support areas are maintained, the longer and more thorough this consolidation lasts, the more solid and reliable the foundation for future upward movement will be.



It is recommended to go long around 3110 and 3065, with an initial target of 3230. If this level is broken, look for a move up to 3400.
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