In the early morning, this wave of Ethereum long positions successfully took profits in the 3220-3200 range, gaining 75 points. From a technical chart perspective, the short-term trend still leans towards bullish, but the problem is that a clear resistance zone has already been established above, with each rebound getting stuck here, and it has yet to break through effectively.

The current market is characterized by repeated tug-of-war and oscillation, and it’s not yet clear if the bullish trend will continue. Therefore, before a substantial breakthrough occurs at key resistance and support levels, it’s advisable to observe and avoid rushing into directional trades.

Currently, the price is already at a relatively high level, so the focus should be on whether the support below can hold during a pullback and how it reacts. This is worth paying close attention to.

Regarding trading strategies, consider short positions in Bitcoin within the 93500 to 94000 range, and similarly, consider shorting Ethereum near the strong resistance zone at 3000. Both levels are obvious previous resistance points, and if the price cannot break through, there is a risk of a pullback.