The early high correction trend of Ethereum has been basically confirmed. The price quickly stabilized below the lower band of the Bollinger Bands, and the key support level at 3010 has not been effectively broken through. The buying momentum in the market remains solid.

From a technical perspective, the 4-hour KDJ indicator has gradually rebounded from the oversold zone, with the three lines forming a golden cross at a low level, indicating a clear short-term reversal signal. Meanwhile, trading volume during the decline phase has significantly decreased, directly indicating that the bearish force is weakening, and the bulls are accumulating energy for a counterattack.

Currently, it is recommended to consider a bullish position in the 3050-3070 range, with an upper target of 3180. Looking at the trends of Bitcoin and Binance Coin, the overall market is also brewing a rebound, so there is still an opportunity at this point.