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Ethereum has entered a key rebound window. After a short-term dip to the low point of 3050, it quickly rebounded, precisely touching the lower Bollinger Band, forming a strong and clear technical support.
In the 4-hour cycle, after rebounding from the lower band support, the price has stabilized within the middle to lower Bollinger Bands. With the Bollinger Bands narrowing, the short-term market is likely to enter a consolidation phase.
The volume signals a positive trend. The previous volume contraction and pullback have fully cleared the selling pressure. Currently, the market is gently increasing in volume, and the bullish momentum is clearly evident.
Ethereum retraced to 3080-3030 for long entries, with the upper target looking at 3150-3230.