$ETH Market today: Last night broke through the trendline and the 3230 resistance with increased volume, and today’s pullback did not show any supply.

So overall, there may be a slight pullback or sideways consolidation, and the market could continue to rebound.

Currently under resistance at the supply line, if there is an abnormal surge in volume on the upside during early morning hours, a false breakout above or testing 3430 could potentially form a small head and shoulders pattern, leading to a longer correction or consolidation. In that case, the trend is very likely to develop into a wedge channel.

In summary, the overall trend remains bullish with a rebound, but the weak hourly K-line still requires further observation. The focus should be on the possibility of forming a small top and subsequent consolidation pullback around 3430, with particular attention to the supply line.