You can see the performance of this 4-hour green bar. Based on recent performance, Ethereum is currently in a bullish accumulation phase. Although it is fluctuating back and forth in a range in the short term, this is accumulating momentum for a subsequent upward attack. The price has repeatedly tested the support level without effectively breaking below, indicating strong support below, and bullish strength is gradually accumulating. The market is likely to rebound based on support, and it may even lead to a new rising trend.
It is recommended to buy around the target: near 2940—2960, with the first target at 3060, and if it breaks through, the next target is 3160.
