Ethereum's recent trend is quite interesting. From the bottom sideways movement to this rebound, the 3300 level has been firmly suppressed by moving averages, and then it retested near the 30-day moving average. As long as it doesn't break the previous low of 3050, there is still a chance for a turnaround, and there should be another round of rebound.

However, it's important to wake up. The current Meme craze is somewhat similar to the atmosphere before the big drop on October 11 last year — both are driven by crazy profit-making effects that have clouded people's judgment. Sometimes history really does repeat itself. So even if you participate in this rebound, you need to do your homework: set your take-profit levels in advance, and don't be blinded by good news. Risk adjustment always comes first, especially when market sentiment is so high.