1. Rebound Essence: The "confirmation signal" of the key defense line

Action: ETH quickly recovered after dipping to around $2,900 last night, and briefly returned to the $3,000 mark.

Interpretation: This is not a reversal, but rather **"market support". The market has once again confirmed that $2,850 - $2,900 is the psychological bottom line for institutions and long-term holders**. At this level, the selling pressure has clearly been absorbed by buy orders.

2. Driving Reasons: Who is Buying?
Year-end "Window Dressing": As December approaches, fund managers have the incentive to maintain the ETH price at a certain level before the end of the year to beautify the annual performance report (NAV).

Liquidity expectations: The market is betting in advance on the Federal Reserve's "invisible easing" by the end of the year (recently increasing market liquidity through repurchase operations), which is usually the engine for the "Santa Rally."

Technical rebound repair: After a continuous week of ETF outflows and a downward trend, the bearish momentum has weakened, and short-term funds are entering the market to seek a rebound.

3. Give your latest operation suggestions
Don't chase the rise, continue to "pick up bloody chips".

Qualitative: Last night's rebound has stopped the bleeding, but a trend has not yet been established.

Strategy:

If you didn't buy before, around $2,950 is still an excellent left-side entry point.

Don't expect an immediate surge; the current script is **"bottoming out"**. The chips held in this range ($2,900-$3,000) are likely to be the part with the highest return rate in 2026.

In summary: Last night's rebound tells you that below $2,900 is solid support, it won't drop further, but don't rush to go all in, just be patient with dollar-cost averaging.