Ethereum current price is 2,938.53, with a daily decline of nearly 8%, which is the typical rhythm of dropping and finding support at the bottom. From a technical perspective, the bearish momentum has basically been released, and a rebound signal has appeared around 2,910—this level is indeed somewhat sticky.

But don't rush to celebrate. The moving average system is still in a typical bearish alignment (MA5/10/7/25/99 all in descending order), and the conditions for a short-term reversal are not yet mature. Simply put, the bottom is indeed there, but the upward trend has not been truly established.

If you want to participate, it is recommended to operate as follows: try a small long position, controlling the position within 10% of total funds. Specifically, set take profit at 2,980, a psychological level, and place the stop loss at 2,900. This way, even if the judgment is wrong, the loss is within a controllable range.