Recently, the Ethereum market has shown a positive rise trend, bringing new hope to investors. From a Technical Analysis perspective, the price movement of Ethereum exhibits a stair-step recovery characteristic, which is often seen as a positive signal.

On the daily chart, the double bottom pattern around $3400 provides strong support for the current price. This price structure is often seen as a potential reversal point, suggesting that the downside risk may have been effectively controlled.

What is even more inspiring is that we have observed two consecutive bullish candles successfully breaking through the short-term descending trend line. This breakthrough not only confirms the solidity of the bottom structure but also indicates that bullish forces are gradually taking control of the market movement. This change in momentum may signal the beginning of a new upward cycle.

Based on the current market situation, investors may consider looking for entry opportunities in the range of $3430 to $3460. If the bullish momentum continues, we can expect the price to advance towards the range of $3650 to $3700. However, investors should always be vigilant about market risks and set reasonable stop losses to respond to potential price fluctuations.

It is worth noting that the cryptocurrency market is still influenced by many external factors, including but not limited to regulatory policies and the macroeconomic environment. Therefore, when making investment decisions, it is advisable for investors to consider various factors comprehensively and not to rely solely on this analysis.

With the continuous development of blockchain technology and the ongoing expansion of the Ethereum ecosystem, we have reason to remain optimistic about its long-term development. However, short-term price movements may still be volatile, and investors need to stay vigilant and manage risks.