#BTC资金流动性 The rate hike in Japan has been settled, and all the shoes that were weighing on the market this week have finally dropped. What follows is a typical rebound after all the bad news has been priced in.

Looking at $ETH's current trend, it is oscillating between 2880 and 2930 in the short term. The bears have clearly lost momentum in the past two days, but how far can this rebound go? We need to watch two key points: first, whether it can break through the resistance zone of 2930 to 2960 with increased volume; second, whether the daily chart can take this opportunity to repair those deteriorated technical indicators.

Based on the current pace, the market is likely to continue fluctuating above 2880 with a rebound, aiming at testing the 2930 to 2960 range. If it truly stabilizes above 2930, the rebound could potentially extend all the way to the 3000 level.

However, it is important to note that once the rebound reaches the 2930 to 2960 zone, if the hourly chart begins to show stagnation or long upper shadows, the bulls might lose steam again. In that case, be prepared for the next wave of pullback, continuing the larger-scale bottoming process. Conversely, if this time it can break through with increased volume, the short-term pattern will need to be rewritten.

Overall, the key points to observe next are whether the price can effectively break through this resistance zone and whether the trading volume can keep up. This is crucial for judging whether the market will continue to oscillate or start a new round of rebound.