Ethereum has held above the key price level of 3040 today, with signs of short-term market data strengthening. Looking at the daily chart, it is currently in an oversold rebound trend, which is worth following.

The distribution of resistance levels is quite interesting—there are multiple levels of pressure concentrated in the range of 3038 to 3060, which is not a coincidence. Once this area is effectively broken through, the subsequent targets above are aimed at the range of 3150 to 3177.

The support levels below are also very clear: 2960 is the first line of defense, followed by 2950 and 2920.

The current strategy recommendation is still to focus on going long at lower levels. From a multi-timeframe perspective, both the daily chart and the 2-day chart show characteristics of an oversold rebound, while the 8-hour level is currently undergoing a pullback. The depth of this pullback will directly determine the best position for subsequent longs. Patience is needed for observation here.