Core situation assessment: Is it a "bottoming" or a "downward correction"?
• Short-term support confirmation: ETH spiked back up near $2,962, indicating that there is indeed strong buying pressure from long positions and short position liquidations in that range.
• Indicator repair demand: The 15-minute/1-hour KDJ is in an oversold position at a low level. Technically, a pullback is needed to absorb the divergence rate from the sudden drop in the early morning.
• Trend determination: rebound rather than reversal. Overall, the 4-hour and daily levels are still bearish. Therefore, the next strat
• Short-term support confirmation: ETH spiked back up near $2,962, indicating that there is indeed strong buying pressure from long positions and short position liquidations in that range.
• Indicator repair demand: The 15-minute/1-hour KDJ is in an oversold position at a low level. Technically, a pullback is needed to absorb the divergence rate from the sudden drop in the early morning.
• Trend determination: rebound rather than reversal. Overall, the 4-hour and daily levels are still bearish. Therefore, the next strat
ETH-0.52%









