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Ethereum's recent trend shows typical rebound correction characteristics within a downward trend. From a technical perspective, several key price levels require close attention.
In terms of support, the 2935-2940 range is the recent main support line, with the previous low at 2866 below. If 2935 is broken, it could trigger a secondary bottoming, with targets possibly around 2880 or even 2866. On the resistance side, there are the 2990-3000 zone (midline + psychological round number) and the upper band at 3040-3050, which require caution.
For trading strategies, aggressive bulls can position around 2935-2950, with stop-loss below 2900, aiming for targets at 2990 and 3040. Conservative bears might wait for a range between 2990-3040, with stop-loss above 3050, targeting 2940 or 2880.
In simple terms, don't chase high now and don't panic. Use 2935 to gauge support strength and 3000 to determine the trend—these two levels can reveal the market's true intentions.