2025.12.28 Ethereum Market Analysis Recently, Ethereum's price quickly rebounded after testing the low of 2890. It’s now fluctuating around the 2940 range, showing signs of stabilizing and recovering. Trading volume has also increased during the rebound phase, indicating that funds are actively buying at the lower levels, and the previous bearish selling pressure has mostly been released. In the short term, market sentiment has shifted from bearish to slightly bullish. From a technical perspective, looking at the 4-hour chart, the price has climbed above the middle Bollinger Band, with the lower band forming strong support and the upper band serving as the short-term upward target. The Bollinger Bands, which were previously opening downward, are gradually flattening, signaling the start of a potential upward trend. Additionally, the previous dip to 2890 formed a single-pin bottom pattern, followed by consecutive bullish candlesticks, creating a technical structure of stabilization and rebound. The bottom signal is clear. You can consider light positions to capture the short-term bullish trend. Although a short-term rebound is expected, the overall long-term trend remains bearish. Trading suggestion: Go long on Ethereum around 2890, with a target near 3000.