$ETH Ethereum's early morning trend presents a textbook-style "fake-out" reversal. The price briefly fell below the 3100 mark and dipped to 3066 before quickly recovering, forming a significant daily level "false breakout." This structure indicates that the bearish momentum has been exhausted in one go, and the key psychological level of 3100 has transformed from a resistance level to an effective support platform for bulls after a strong test, providing a solid starting point for subsequent rises.
From a technical structure perspective, the price quickly surged to 3150 and is currently retreating to around 3125 for consolidation, which is part of a healthy process of confirming the breakout after a pullback. More importantly, the volume-price relationship is extremely ideal: the rebound shows strong buying pressure with increased volume, while the current retracement shows a clear decrease in volume, indicating limited selling pressure in the market and a stable holding mentality, representing a typical bullish accumulation structure. In the short term, the 3100-3110 area has become a new core defensive zone for bulls. As long as the price remains above this area, the short-term upward structure remains intact, and the pullback can be seen as an entry or position-adding opportunity. The primary target above is to effectively break through and stabilize above the 3150 line; once achieved, it will further open up space towards the 3180-3200 resistance zone. The current market dominance has shifted to bulls, and the strategy should primarily focus on buying on pullbacks.
Ethereum Strategy: Long in the 3080-3100 range, target 3180-3200
Bitcoin Strategy: Long in the 90000-90500 range, target 91500