Ethereum is currently reported at 3,078.82, after falling from a high of 3,128.65, stabilizing above the key support level of 3,048.32, showing a bottoming structure after a pullback on the 4-hour level. The bearish momentum shows signs of convergence, and the price exhibits some resilience near the previous dense trading area, indicating a short-term technical rebound demand.

The current key support for the pullback is located at 3,050–3,070. The initial resistance above is in the range of 3,100–3,120, and an effective breakthrough will challenge the previous high pressure zone of 3,125–3,135 again.

It is recommended to buy in batches as the price pulls back to the range of 3,060–3,080, with a stop loss below 3,040 and a target of 3,100–3,120. If the price breaks through 3,120 with volume, a light position can be pursued, targeting above 3,130.

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