Ethereum has found support around 3050 after experiencing a series of declines. The key question in the current market is: Do the bulls really have a chance to reverse the downward trend?

As of this publication, ETH is quoted at 3085, having declined from a high of 3250, touching as low as around 3050, with a unilateral pullback of 200 points. From a technical perspective, this wave of decline is quite fierce, and the speed of breakdown is unexpectedly rapid. The daily chart shows a peak at 3265 and a low retreat to 3040, forming a complete unilateral trend.

Changes in the daily technical indicators warrant attention. The EMA15 trend indicator has already fallen below support, and main capital likely consolidates around 3170. The MACD indicator is beginning to decrease in volume, with DIF and DEA encountering resistance at the zero line, indicating that downward momentum is waning. Regarding Bollinger Bands, the candlestick has dropped from the upper band at 3325 to the middle band around 3050, currently standing near the lower band at 3080. This support level is significant. The KDJ indicator has formed a death cross, indicating a somewhat heavy bearish atmosphere, and risk management should be kept in mind at all times.

The four-hour chart, however, appears relatively optimistic. A careful observation suggests that Ethereum may be forming a quadruple bottom around the 3000 level. Historically, three previous bottoms occurred at 2620, 2740, and 2900. The current attempt to test the 3000 level marks the fourth. After three consecutive rebounds following trend indicator tests, the recent breakdown makes the upward rebound signal at 3050 more convincing.

From a rebound perspective, the first target is set at the 3170 resistance level, which is also a key resistance on the daily chart. The support at the lower Bollinger Band at 3080 remains effective, indicating that the downtrend is not a total collapse. The technical pattern of this rebound is quite clear. Beginner investors can focus on the target zone of 3130 to 3170 as a reference, while experienced traders are advised to take partial profits during the upward move for a more稳健 (steady) approach.

Two short-term trading strategies:

**Downward approach:** If you believe the bears still have a chance, consider shorting in the 3150 to 3200 range, with a stop-loss at 3250 and a risk control of 50 points. The initial support targets are 3100 to 3050; if broken, further targets are 3000 to 2950.

**Upward approach:** If you agree with the rebound direction, consider going long in the 3050 to 3000 support zone, with a stop-loss at 2950 and a risk of 50 points. The first target for the upside is the resistance zone at 3100 to 3150; if broken, targets extend to 3200 to 3250.

It is especially important to emphasize that real-time market data always serves as the final decision basis. Market changes are rapid, and there is always a delay in publishing articles. It is recommended to constantly monitor market dynamics and adjust flexibly according to your risk tolerance. Trading involves risks, and gains and losses are personally borne.