ETH early morning price retreated to around 2255, but then the market quickly recovered. Currently, on the hourly chart, the price has broken through the middle band of the Bollinger Bands and has once again moved around 2300. According to indicators, the MACD bullish momentum continues to expand, and combined with liquidation data, the chip accumulation area above 2350 is evident. Therefore, in the short term, once a rebound begins, it will be quite strong, at least breaking through the chip area above 2350. After that, it will start accelerating to test the upper edge of the large triangle near 2400, so the long position has a good risk-reward ratio.