The overall trend of ETH still operates within my original judgment framework. The key low reference given yesterday was around 3050, with the intraday low touching 3052, a very small error. Although it’s not perfect, the structure and rhythm are basically consistent.

From a short-term structural perspective, the price has already shown clear signs of stopping the decline and stabilizing at the lows, indicating a basis for a continued rebound in the short term. The target range for this rebound is expected to be above 3200, with a focus on the 3208 level. This position is in the previous high point area and is also the main target for long positions in this round. Whether there will be further upward breakthroughs and stabilization depends on volume and structural confirmation, and follow-up judgments will be made accordingly.

The short-term strategy remains unchanged: long position holders should maintain a break-even stop-loss and continue to observe the release of rebound space.