Ethereum is currently reported at 3,073.85, with the price stabilizing and rebounding from the key support level of 3,041.10. After Black Friday, the bearish sentiment has been somewhat released, and a bottoming-up structure is presented at the 4-hour level. The short-term downward momentum is weakening, and a technical rebound demand is emerging.

The current pullback support has been raised to the 3,050–3,070 area, which is formed by previous lows as initial support. The key resistance above is located in the 3,210–3,240 range, and a breakthrough will retest the previous high at 3,270.

It is recommended to lightly go long on a pullback to the 3,060–3,080 range, with a stop loss below 3,020 and a target of 3,200–3,230. If 3,210 is directly broken, you can follow the trend to go long, looking at above 3,270.

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