I recently came across an interesting piece of news: a major mining company has been very active in the first quarter, increasing its Ethereum holdings despite significant losses, now accumulating 44,463 ETH. The related stock code BMNR is rumored to have the potential to surge to $23. Such a bold move certainly sparks the imagination.

From a technical perspective, ETH's current situation is a bit delicate. The price is hovering around 2945.6, with both upward and downward movements under observation. The RSI indicator shows 43.6, indicating that bulls and bears are fairly evenly matched, both waiting for the other to make the first move. Support is steady at 2886.69, resistance is capped at 3004.51, and the key breakout level is at 2989.78.

In this stalemate, it's understandable to feel uncertain. On one hand, large institutional inflows are bound to stir market nerves; such a massive capital influx will influence liquidity and price expectations—this is no small matter. On the other hand, if this operation can indeed push the related assets higher, it could serve as a catalyst for the entire ecosystem.

My personal plan is as follows: currently holding half a position of ETH, planning to cautiously add at the 2989.78 level. The logic is simple: if this line is effectively broken, a significant upward move is likely to follow. To manage risk, I will set a stop-loss at 2886.69—if it falls below this support, I will exit part of the position and wait for clearer signals. The initial target is 3004.51; if it breaks through smoothly, I will continue holding and see how high it can go.

This is my current approach. What do you all think? Do you have other ideas or suggestions?