#ETH Short-term (4-8 hours): It is expected to fluctuate narrowly around $3,000, digesting the profit-taking from the early session. The main force needs to confirm whether $3,000 can hold steady. Trend pattern: Over the past 12 hours, ETH has formed a standard oversold rebound pattern. From the panic sell-off low point last night (around $2,950 - $2,980), it has been oscillating upward. Current level: As of press time, the price is range-bound around $3,000 - $3,025. The most critical point is that the bulls successfully pushed the price back and attempted to stay above $3,000 within the past 4 hours (UTC 00:00-04:00). This is a very important psychological and technical support level. Volume support: During the Asian early trading session (about 2-3 hours ago), along with the rebound of US stock futures, ETH experienced a volume surge, reaching a high of around $3,032, indicating that major funds are bottom-fishing on the back of positive news. Resistance (pressure level): $3,080 - $3,100. This is a dense trading zone from the previous decline, with many trapped positions. If volume breaks through $3,100, this rebound can be confirmed as a trend reversal; otherwise, it can only be considered a "dead cat bounce" or "oversold correction." Support (defense level): $2,980. Since it just broke above $3,000, $2,980 has become a short-term lifeline. As long as it does not fall below this, the bullish structure remains intact. If it breaks below, it is likely to revisit the secondary bottom at $2,920. A pullback to around $2,990-$3,000 without breaking can be used for light long positions, with a stop-loss set at $2,970.