This week's market trend has begun to show some confirmation. Ethereum is currently around 3022, and the movement of mainstream coins remains highly correlated. The key factor to watch next is how Bitcoin performs.

However, it is still premature to definitively say that a reversal to a bull market has occurred. From the weekly chart perspective, the recent decline candlesticks have not been fully absorbed. Although the bottom has slightly lifted, stronger signals are needed for confirmation. The critical price range that could mark the return of the bulls should be around 942 to 945. Only if it stabilizes above this level can we consider it a sign of reversal. If it cannot break through and hold above this level effectively, then the current situation should be understood as a technical rebound within a downtrend, not a trend reversal.

Reviewing last week's turning point, there was a clear range-bound oscillation—key is whether the trendline can be broken and then retested for support. Around Saturday noon, the trendline was effectively broken, and the subsequent retest confirmed support. At this point, it would be appropriate to consider a right-side follow-up. At that time, Bitcoin was relatively weaker, so the focus was more on Ethereum's performance.

In the 3230–3250 area, there will be noticeable resistance. When reaching this level, it may be necessary to consider reducing positions or adjusting holdings. Overall, this upward move is more characteristic of a technical rebound and cannot yet be confirmed as a trend reversal. A final judgment should be made once Bitcoin stabilizes above 945.