#MSCI未排除数字资产财库企业纳入范围 Today, Ethereum's movement is a bit interesting.

It dropped to around 3123 in the early morning, and immediately someone picked up the buy. Now it has rebounded back to around 3156. This indicates that the buying support at lower levels is still present.

From the candlestick chart, this wave of correction is actually a normal pullback during an upward trend, without breaking the bullish structure. On the hourly chart, there are quite a few positive signals—MACD golden cross spreading upward, RSI also staying in the strong zone. It sounds like the bulls are still gathering strength.

But the problem is, after breaking through the previous triangle consolidation, the market did not continue to surge higher. Instead, it turned back and retested the upper boundary of the previous range. What's the trick here? The selling pressure above is too heavy, and the bullish momentum is clearly weakening, ultimately forcing a pullback and consolidation.

Looking at the short-term cycle, yesterday saw a unilateral decline, and this morning the decline continued, repeatedly testing the key support levels from earlier. Based on comprehensive technical analysis and capital flow, the likelihood is that it will continue to oscillate within this range. The trading strategy during the day should revolve around these two levels: 3120 and 3090, with targets looking upward at 3210 and 3260.

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