Ethereum’s early morning market movement showcased a classic “bear trap” reversal pattern. After a rapid drop below the 3100 level and briefly testing the 3066 low, the price rebounded strongly, forming a clear daily “false breakout” signal. This pattern typically indicates a concentrated release and exhaustion of bearish momentum. Following intense battles between bulls and bears, the 3100 level has shifted from previous resistance to solid support, serving as a key base for the bulls to regroup and stage a counterattack, thus laying a solid foundation for further upside potential in the market.