Next week, a brief discussion on Ethereum: Can it break through 3000?

Recently, the price quickly found support after retracing to the 2890 level and began a continuous rebound. It is currently consolidating around 2940, and the trend has initially reversed the previous weak pattern. Trading volume has increased in tandem with the rebound, indicating that funds are actively entering at lower levels. The bearish pressure has been effectively absorbed, and market sentiment is shifting from bearish to bullish.

From a 4-hour perspective, the price has successfully broken above the middle band of the Bollinger Bands, with the lower band forming a solid support, while the upper band has become the primary target for recent upward attempts. The Bollinger Bands have shifted from diverging downward to gradually narrowing and stabilizing, indicating a forming upward oscillation trend. The single-candle bottoming pattern near 2890, combined with subsequent consecutive bullish candles, confirms the construction of a short-term bottom, with clear technical stabilization signals. Consider appropriate positioning to capture short-term rebound opportunities.

It is recommended to go long around 2880, add a position at 2830, set a stop loss at 2790, with the first target at 3000, and if broken, look towards 3170.