Ethereum has finally launched an independent market, exhibiting a rare strong performance in recent days. Last night, the market first experienced a deep pullback, with Ethereum's decline showing significant weakness, briefly touching the 3030 line before finding support. Overall, the downward momentum is clearly insufficient.
Entering the midnight period, the rebound quickly started, with Ethereum showing a small upward trend independently, peaking at 3240 USD, significantly outperforming Bitcoin.
Although Ethereum initially showed strong performance, it is approaching the previous resistance zone above, and the momentum for further upward movement has weakened. During the day, attention should be paid to the 3050-3080 support levels, maintaining a bullish outlook as long as the upper side remains strong. If it breaks, it may pull back to around 3000/2900 before moving up again. If it breaks the 3250 resistance, it will challenge 3400.
