From the daily chart structure, ETH is still operating within a clear downward trend channel, and no effective reversal signal has appeared yet. The current rebound is accompanied by continuous shrinking volume, which is more of a technical correction after overselling rather than a trend reversal.
In terms of trading strategy, focus on the resistance zone above 3040–3080, which can be a key area for shorting on rallies. If the price encounters resistance and falls back, the short-term target is first seen at 2960, with further support around 2880 if broken. Overall, follow the trend, sell high on rebounds, and avoid emotional chasing of longs.
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ETH: Range between 3040-3080
Target price range: 2960-2880
From the daily chart structure, ETH is still operating within a clear downward trend channel, and no effective reversal signal has appeared yet. The current rebound is accompanied by continuous shrinking volume, which is more of a technical correction after overselling rather than a trend reversal.
In terms of trading strategy, focus on the resistance zone above 3040–3080, which can be a key area for shorting on rallies. If the price encounters resistance and falls back, the short-term target is first seen at 2960, with further support around 2880 if broken. Overall, follow the trend, sell high on rebounds, and avoid emotional chasing of longs.