Ethereum has finally shown some movement recently. Looking at this wave of market, the daily just broke through a moment ago, and the 4-hour has just entered the main upward phase. The next 24 hours should be a consolidation period.

Let's discuss some key price levels. On the resistance side, 3160 is the high point of the 1-hour platform plus the VPVR edge, followed by 3250 as the next target on the daily timeframe. On the support side, 3110 is a minor support on the 1-hour chart, but the real level to hold is in the 3050 to 3080 range — this is the golden support zone, which is both the upper boundary of the central zone and a defensive position for the 3-buy strategy. It must not be broken.

If you already have long positions around 3137, you can continue to hold them. But if you haven't entered yet, my advice is not to chase. Entering at the current price isn't very favorable in terms of risk-reward. A smarter approach is to patiently place orders in the 3080 to 3110 zone. Once a bottom reversal pattern or consolidation divergence appears on the 5-minute chart, enter decisively. Remember to set your stop-loss strictly below 3030. If the price returns inside the central zone, it's time to exit and watch.

Avoid shorting for now. The daily just broke through, and the 4-hour is in a main upward trend. Shorting now is a classic guess-the-top on the left side, very likely to be wiped out by a large bullish candle. Unless you see a clear 5-minute top divergence at 3160, try a small position to test the pullback, but be quick in and out.

In simple terms, Ethereum is currently in a consolidation phase after a breakout. The short-term red candles (pullbacks) shouldn't cause too much concern. The key is whether 3100 to 3110 can hold. As long as there’s no sudden crash through the door, the next target is above 3220.