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Ethereum price is experiencing a strong upward push with significantly increased trading volume, and market participation enthusiasm is high; during the brief consolidation phase, trading volume rapidly shrinks, presenting a classic bullish volume-price pattern of "rising with volume, retracing with shrinking volume," indicating strong stability of chips within the market and limited selling pressure.
The short-term moving average system shows a bullish divergence and is extending upward along the middle band of the Bollinger Bands, forming a technical support resonance, further confirming the strength and sustainability of the current trend.
It is recommended to go long around 3110 and 3080, with the initial target at 3230, and a breakout to the upside towards 3330.