From a weekly perspective, Ethereum's trading volume last week significantly increased, breaking through the long-term downtrend line. This week, it continued to close higher, gradually confirming a reversal signal. In the short term, if it stabilizes above 3050 and does not break below, there is potential to continue challenging the 3490 neckline of this M-top pattern. The daily chart shows a more optimistic trend, with five consecutive bullish candles accelerating the breakout from the descending channel and maintaining an upward oscillation. The main resistance recently is at 3395 (previous high). Once this level is effectively broken, it may form a W-bottom pattern. For a pullback, focus on 3100 (midline support) and 3050 (lower band + neckline), as both levels provide certain support. Looking at the 4-hour chart, a clear ascending channel has already formed. Although indicators show a bullish alignment, caution is needed regarding overbought risks, and chasing highs blindly should be avoided.