Looking at the four-hour trend of Ethereum, this rebound is indeed not very strong. Yesterday, I was expecting some performance, but after hitting over 3200, it lost momentum and didn't even touch the 0.382 Fibonacci level. At this pace, the 3175 level is likely to break today.

The support below looks like this: around 3120 still has some buying interest, but if it continues to break down, 3080 is the real level that can hold. Overall, the daily timeframe still shows bearish pressure, and short-term rebounds seem somewhat weak.

From a technical perspective, Ethereum is currently in a four-hour downtrend. Only a true break above 3175 could create an opportunity for divergence on the 30-minute chart. My approach is this: rather than blindly catching the bottom, it's better to wait until the four-hour rebound forms a complete move before going long, as the probability of success for shorts will be higher then.

If you insist on going long below 3175, be mentally prepared and try to keep the position light, because the daily chart still shows a bearish bias. Patience is key in the short term; when a four-hour rebound appears, that will likely be a good opportunity to short.