Yesterday, the $3150 long-short turning point was broken through, and ETH experienced a rapid pullback. However, from the indicators, the oversold signs are quite obvious—the Williams %R on the 4-hour chart has already shown a bullish divergence. More importantly, the $3000-$3050 zone is not arbitrarily set; it is a support formed by a weekly triangle consolidation, where a large amount of chips have accumulated and changed hands.

If this level can hold, there is a good chance of a rebound back to the $3150 resistance level. But it must be made clear, this is not a certainty—once the $3050 is effectively broken (two consecutive 4-hour candles close below $3050), the short-term reversal signal will be invalidated. In that case, the next support to watch is the major support at $2950.

The market is like this—nothing is 100% certain, only probabilities and risks. Under the current environment, this is the analysis framework for the next three days; subsequent changes still require continuous monitoring.