These days, Ethereum (ETH) has stabilized above $3200, and the trend still looks good. After consecutively breaking through the levels of 3150 and 3200 earlier, it is now fluctuating around $3220, as the market digests the previous gains and prepares for the upcoming trend.

From the candlestick pattern, ETH is running along a clear upward trendline, with the support point roughly at $3200. As long as this level holds, the probability of continuing upward in the short term remains high. Looking at the moving average system, ETH is still firmly above the 100-hour moving average, indicating that the short-term bullish pattern has not changed, and there are still many buy orders on the market.

If ETH can successfully break through the resistance near $3265, it is very likely to continue upward, with the immediate target above $3300. In this case, the bulls are still in control, and everyone should focus on the performance of key support and resistance levels to look for trading opportunities.

However, it’s worth noting that although the overall direction is upward, it is normal to see repeated oscillations or small pullbacks near these key levels, which does not mean the trend is reversing. Especially for newcomers, instead of chasing high prices, it’s better to carefully observe whether the $3200 support can hold and whether the resistance at $3265 can be successfully broken. Clarifying these details is more important.

The bottom line is— as long as support holds and resistance is successfully broken, there is still room for short-term gains. Of course, the risk of a pullback always exists, so proper position management is essential; don’t overextend your holdings.