Currently, Ethereum is still in the bottom rebound stage, and there are no signals indicating a peak, so there is a possibility of continuing to oscillate upwards.

Structurally, this rebound belongs to a channel-shaped flag adjustment.

This is because the current upward wave has not yet broken the lower edge of the channel, nor has a top pattern appeared.

The bullish sentiment still prevails, with the current price at 2890, suggesting a direct buy with a target around 3200.