Ethereum's recent trend is indeed worth paying attention to. Last night's market already sent a signal — it's not suitable to chase short positions; going long at the current price is the correct approach. The chart shows that Ethereum is still operating within an upward channel, and a rally has already started this morning, confirming the previous judgment.

From a technical perspective, the second chart also confirms the validity of the upward channel. Bears should not rush to enter the market; wait until a clear resistance level is formed before considering an intervention, otherwise, it could lead to losses.

More importantly, the third chart shows that the support level is quite solid, which means the strength of this rally could be quite significant. Patient traders can now wait quietly for opportunities.

In terms of operation, pullbacks are the golden points for going long, with stop-losses set around 3130. If the price drops without strong upward momentum, it can switch to short positions; conversely, if the rally is fierce but starts to consolidate sideways, forming resistance, then consider shorting. The key is to observe the magnitude and strength of the pullback, as this determines the subsequent direction.