In the early morning market, Ethereum completed a pullback in the key support area and then quickly rebounded. From a technical perspective, the MACD indicator formed a golden cross pattern and is diverging upwards, while the on-balance volume indicator is also rising. These signals all point to the longer taking the initiative. The current price is holding above the neckline, and there are also obvious signs of capital influx.

From the chart structure, the bottom pattern is relatively clear, and the bullish momentum is accumulating. If this trend is maintained, the next trading strategy can consider building positions around the 2940-2960 range, with the first target aimed at the psychological level of 3070. If the price can effectively break through, then the focus should be set further out, with around 3170 also within the possible target range.

Of course, market trends are never absolute, but based on the current technical accumulation, the probability of an upward movement is indeed higher. What the longer needs to do is to hold above this support level to allow the rebound to further unfold.