After several days of consolidation, Ethereum successfully broke through the $3000 psychological barrier this morning. As of press time, the price is approximately $3020, with an intraday increase of about 1.74%. This breakthrough temporarily alleviates short-term downward pressure, but the overall market remains in a critical decision-making period.

Technical analysis shows that current market sentiment is complex. On one hand, some studies indicate that Ethereum's Relative Strength Index (RSI) is at 44%, signaling a bullish trend, and the price is only about 5% away from triggering a trend reversal. The key short-term support/resistance line is around $2,991. On the other hand, there is significant resistance at $3,363, creating layered suppression. Therefore, whether this breakout is a genuine reversal or just another test of the upper boundary of the range still needs to be observed for its stability.