From a technical perspective, Ethereum quickly rebounded from the rapid decline below the 2900 USD round number after dropping sharply, reaching around 2965 USD. The daily chart shows a significant long lower shadow, clearly indicating strong bullish defensive forces in the 2900-2880 region. This level is not only a key platform from the previous upward trend but also a psychological support level. The quick rebound in this area suggests that major market funds have not abandoned the current trend structure.

The steep decline starting from 3150 USD can be viewed as a one-time profit-taking release within a continuous upward trend. On the four-hour chart, the Relative Strength Index (RSI) has entered oversold territory and shows signs of bullish divergence, while trading volume has contracted at the end of the decline. These are technical signals indicating that the bearish momentum is short-term exhausted. After a rapid drop, the market often requires technical correction to rebalance the bullish and bearish forces.

Ethereum strategy: Buy around 2950, target 3020
Bitcoin strategy: Buy around 86000, target 87500#加密市场反弹 $ETH