In January on Monday, Ethereum's technical outlook showed a good performance. From the price trend, ETH rebounded from a low of 2910 and is currently oscillating around 3190, with a recent significant increase. In the past 24 hours, the highest point reached 3210, and the support at 3120 held firm, showing an overall upward momentum.

From the 4-hour technical perspective, ETH is running along the upper band of the Bollinger Bands, with the middle and upper bands diverging upward, and the lower band also rising—this is a typical Bollinger Band expansion pattern, indicating that the bullish trend is still continuing.

Based on the current trend, a long position can be considered in the range of 3150-3170, with a target near 3260. This level has technical support and aligns with the current upward pace.