#MSCI未来或纳入数字资产财库企业 January 20th, $ETH bulls are brewing a rebound.

On the daily chart, the high and low points range from 3367 to 3165. The EMA trend indicator is converging as scheduled, and the price has returned to the trend bottom. Based on the indicator movement, a concentration of positions around 3200 is highly likely to form. The MACD red histogram is shrinking, and DIF and DEA are turning downward from high levels; the middle band of the Bollinger Bands at 3180 provides effective support, with resistance above at 3400.

The four-hour chart is forming a U-shape, which is a typical transition pattern. After the price drops from 3350 to around 3170 and stabilizes, technical analysis suggests it will rebound back to around 3350 for range-bound consolidation. A standard head and shoulders bottom may emerge at the bottom. On the indicator side, MACD is shrinking, and DIF and DEA below the zero line are converging; the Bollinger Bands are set at the lower band 3188, middle band 3280, and upper band 3370. The current price is stuck at the bottom of the range, close to the middle support line, with clear upward space.

It is recommended to consider low-buying around 3150 and 3100, with short-term targets at 3250 and 3300.

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