Brothers, Brother Niu is watching the market. The weekend market is quiet, but it is a crucial window for layout for the next week. ETH is currently priced around $2985, rebounding more than 200 points from the low during the day. The 4-hour chart has shown a bottom-rebound pattern, and there is potential for further short-term rebounds, but overall it is still in a channel of correction and repair in the medium term. Don't think the bull market has returned just because of a rise.

Upper resistance: $3000 is the first psychological and technical dual barrier; breaking through here can lead to around $3050. Greater pressure is at $3170, which is a key resistance in the medium term.

Lower support: The strongest short-term defense line is in the 2850-2870 area, where bulls must defend. Further down is the strong support zone at 2770-2750; if this breaks, the trend will really weaken.

On the daily level, the price has found support at the lower Bollinger band, and the RSI indicator is also close to the oversold zone, indicating a demand for a technical rebound, but don’t expect an immediate V-shaped reversal; the main theme is oscillation and bottoming.

The 4-hour chart gives a more positive signal; the price has already broken through the short-term resistance of 2870, and the MACD's downward momentum has clearly weakened, providing short-term rebound opportunities. But remember, this is just a rebound within a downward trend; unless it can hold above $3000 and break through $3050, it is difficult to speak of a trend reversal.

For friends who are optimistic about the future market and want to layout during the pullback, you can consider it now, but be sure to distinguish the strategy.

If the price pulls back to the 2870-2890 range and stabilizes, you can try a long position with a light position, and the stop loss must be set below 2850, with the target first looking at 2960-3000.

For shorting, there are two options: one is to wait for the price to stabilize above $3000 after a volume increase before considering entry, which has higher certainty. The second is to be more patient, waiting for the price to reach the strong support area of 2770-2750 to layout in batches, using space for safety.

Finally, a reminder: the overall market sentiment is still in the extreme fear zone. Although there is a rebound after all the bad news has been released, volume is key. If the rebound lacks volume, or if it breaks below the 2850 support again, be wary of the risk of returning to a downward trend. Make a plan, manage your position, and don’t exhaust your firepower in a fluctuating market. #ETH走势分析