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Recently, Ethereum's performance has clearly outperformed Bitcoin, showing a leading rally pattern. After consecutive bullish closes, the price has effectively broken through the previous consolidation range, with upward space gradually opening up. This is a positive signal worth paying attention to.
From a short-term perspective, the 3050 to 3080 range has become the first key support level. Whether this support can hold directly determines the subsequent trend pace. If the support holds, a pullback could present a new buying opportunity; if the support is broken, a reassessment of the strategy is necessary.
On the technical side, the price has approached the upper band of the Bollinger Bands, increasing the risk of chasing the high. A wiser approach is to wait for a reasonable pullback before entering, which will offer a better risk-reward ratio.
Specifically, one can look for long entry opportunities in the 3060 to 3090 range, with stop-loss set below 2980. If the trend progresses smoothly, short-term targets can be set at 3220 and 3300.
The overall logic is clear: the leading rally structure is established, and as long as the pullback does not break the key support, the outlook remains bullish. The rising expectations of Fed rate cuts also add some imagination space to the crypto market.