The support below Ether is solid, and the downward momentum is waning, with bottoming signals continuing to strengthen. On the hourly chart, the price has received effective support near the middle band of the Bollinger Bands and has begun a slow upward trend along the upper band; although there are brief pullbacks during the session, buying activity remains strong, and the key support area has been confirmed multiple times.



After testing the continuous range, the momentum of the bears continues to weaken, making it difficult to launch a sustained downward offensive. Market sentiment is gradually shifting towards the bulls, and the dominance of the bulls is becoming increasingly clear, with the upward trend path gradually becoming apparent.

It is recommended to go long around 2940 and 2970, with an initial target of 3160, and if it breaks, look at 3260.
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