The current market of Ethereum is not showing a sharp V-shaped recovery, but rather a gradual bottom-building type of repair. This trend may be accompanied by fluctuations and seesaw movements, with a hesitant pace of progress, which precisely preserves the potential for subsequent trends to build momentum. It reflects that the market is gradually calming down from the panic of a one-sided decline, with bullish forces beginning to gradually gather at low levels. As long as the key support areas are maintained, the longer and more fully such oscillation and consolidation lasts, the more solid and reliable the foundation for future upward movement will become.
It is recommended to go long around 3110 and 3065, initially targeting 3230, and if broken, looking at 3400.
