Ethereum just reached a new high of 3077, with a rise of 10.86% in this wave of market. Looking back at the performance of several mainstream tokens last week, the overall trend indeed feels quite comfortable.

**Key Market Review**

If you referred to the analysis from the early hours of the past two days, the judgment on "liquidity hunting" in the 2950-2980 range has fully materialized. ETH quickly rebounded after breaking below 3000 and is now firmly standing above 3040. This trend is actually quite typical—institutions use the drop below 3000 to lure short sellers in, and then quickly reverse to go long, creating a textbook-level short trap in the entire process.

From the market sentiment, the previous panic has now turned into a corrective rise. The price level of 3046 indicates that the previous breakdown was entirely a false move, and the bulls have regained control.

**What to focus on next**

Although the lost ground has been regained, the 3060-3080 area is still a short-term moving average and a previous high transaction volume zone. This area has gathered historical trading volume, and breaking through it will not be easy. The bulls need to expand more upward space and must break through this area with increased volume to continue pushing towards 3150.

In summary, the bulls currently have the upper hand, but the next resistance level test is also significant.