In the morning, Ethereum quickly rebounded after pulling back near 3090, with the price regaining the 3100 level and reaching a high of 3148. Currently, it is stable around 3130, consolidating with fluctuations. This trend indicates clear buying support around 3090, and the bulls have defended and launched a counterattack at this key psychological level. The short-term market sentiment has turned positive.

Technically, after breaking through 3100, the price continued to rise. If it can stay above 3120 and consolidate, it may further test resistance around 3150 and 3180. The 3100-3090 area below has become a short-term bull defense line. As long as the pullback does not break this support, the overall structure will remain bullish. #Gate储备金报告 $ETH

Current volume and price action show that the rebound momentum is still accumulating. Traders can focus on opportunities for stabilization around 3100-3110 during pullbacks, mainly adopting a light long position. Attention should be paid to the possibility that if it loses 3090, the rebound strength may weaken, and there is a risk of returning to a range-bound oscillation.