Ethereum's surge has been too intense, just hitting the resistance line of the past few years, it feels like hitting a ceiling. From a technical perspective, this position is not very suitable for chasing aggressively; prolonged sideways movement is not a good sign. If it cannot break through, there is a high probability it will have to pull back before continuing up.

In the short term, it may retrace to around 3200 or 2800. For those who prefer a more stable approach, it's better to wait for opportunities and not act impulsively.