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Ethereum experienced a rebound this morning. From the low of 3088, traders holding positions are seeing considerable gains. This wave of correction has indeed provided many with a bottom-fishing opportunity.
From a technical perspective, Ethereum has been oscillating for several days, with the target set around 3500. If it can stabilize above this level, it indicates that the short-term rebound pattern is further confirmed. The recent market movement before the New Year was significant, and this opportunity is quite crucial for those who are patient and willing to wait.
Bitcoin is performing in sync, with bullish expectations still fermenting. For traders aiming to precisely identify the next buying point, close attention to market trends is necessary. Currently, the oscillation has indeed created some good entry opportunities. Whether one can seize this wave depends on how well they understand the market situation.