The overnight market experienced a strong bullish breakout, with the price violently surged over 230 points from around 3150 to above 3380, followed by a mild pullback to around 3320 for consolidation. This sharp rally broke through the previous key oscillation resistance zone, with trading volume significantly increasing, indicating a typical volume breakout pattern and marking that the bulls have gained clear short-term dominance in the market.

From a technical perspective, the long bullish candlestick in the early morning completely broke through the important previous resistance zone of 3250-3280, which has now turned into a key support level. The current price consolidates around 3320, with the pullback within a strong range, serving as a technical confirmation of the breakout's validity. As long as the price can stay above the 3280-3300 support zone, the upward continuation structure will be maintained.

On the indicator level, all moving averages across different timeframes are showing a bullish divergence, the MACD fast and slow lines are opening above the zero axis again, and the momentum bars are strengthening, indicating a robust upward trend. The short-term trend remains bullish, and attention can be paid to signs of stabilization in the 3300-3320 range, which may present new entry opportunities. The initial target upwards can be set near the previous high of 3380; if successfully broken, further upward movement toward the 3450-3500 zone is possible. For risk control, focus on the integrity of the 3280 support level; if volume increases and it breaks below this level, the short-term breakout pattern may fail. #Gate储备金报告 $ETH