In the early morning 1-4 hour period, the market is currently bullish. We need to pay attention to the 1-hour support level at 2844. If it stabilizes around 2844, there is a high probability that Ethereum will continue to rebound.
In the 1-4 hour period, we need to pay attention to 2792 and 2705 here, which means that as long as Ethereum's pullback does not break these two positions, it will mainly move in a range-bound upward trend. If 2705 breaks, we need to be cautious of the risk of the market turning bearish and the rhythm of the pullback.
Pullback in the range of 2805-2815, here we need to pay attention to short-term long opportunities, first looking at the situation around 2835-2845. If it stabilizes, we will continue to play the nearby resistance levels; otherwise, we will take profit and exit in a timely manner.
Support levels: 2760-2770, 2730-2740, 2700-2710
Resistance levels: 2890-2900, 2925-2935, 2975-2985
