Ethereum's recent trend is quite promising. The three-day chart has already broken above the golden midline, and the MACD is also starting to turn upward. As long as it doesn't retest and break below the 2950 level, long positions can be maintained. The main resistance is around 3150.

Looking at the daily chart, the golden auxiliary line provides good support, currently staying above 2960. If this level holds, we can continue to watch for upward resistance points. The key is to observe step by step whether these resistances can be broken.

The 12-hour cycle is quite interesting. The price has bounced off the upper boundary of the downward channel, finding support at the middle line of the blue trend channel for a rebound. However, it's clear that the selling pressure above is not light, and the momentum of the MACD is weakening, indicating that the bullish strength is somewhat exhausted. Focus on the support around 2950; if this breaks, caution is needed. The resistance around 3015 is quite critical.

On the 4-hour chart, the price is moving upward along the golden upper band. If it still cannot break through the resistance above, short positions can be targeted toward the lower golden band down to the 2950 area. But as long as the breakout and retest do not break below, holding long positions is fine.