From a short-term chart perspective, Ethereum's price has shown signs of stabilization after continuous adjustments. The short-term technical structure supports the continuation of the rebound. The first target zone for this rebound is expected to reach above 3200 points, with the 3208 level serving as a previous high-pressure area and a key target for the bulls to attack. If subsequent volume supports and the medium-term structure further strengthens, there is a possibility of the index breaking upward and attempting to stabilize; whether it can sustain a breakout still requires observation of subsequent trading volume distribution and pattern confirmation. The market will be dynamically assessed and tracked based on actual performance.