#数字资产市场动态 How will Ethereum perform next week? Can it break the 3000 level?

Recently, Ethereum has been performing quite well. A while ago, it was knocked down around 2890, but it quickly stabilized. Since then, it has been rebounding steadily and is now consolidating around the 2940 range. Honestly, this wave of movement is much better than the previous downturn, at least it’s no longer a free fall.

Trading volume has also increased, which indicates what? Retail investors at the bottom are starting to buy the dip, and the bearish momentum has been suppressed. At this point, more people in the market are turning bullish, and the sentiment is beginning to shift.

Looking at the 4-hour K-line, Ethereum is currently above the middle band of the Bollinger Bands, with the lower band providing solid support. The upper band is the level that needs to be broken through soon. The Bollinger Bands have been expanding but are now starting to contract, which is a very important signal — it indicates that a sideways upward trend is forming. Also, considering the single needle bottom near 2890 and the subsequent series of bullish candles, we can confirm that the short-term bottom has basically been established. From a technical perspective, the signals are very clear now.

In terms of trading strategy, you can gradually build long positions around 2880, and add to your position if it retraces to 2830. Place your stop-loss at 2790. As for targets, focus on breaking the 3000 level; if it does, then look towards 3170.