Ethereum's recent market movement is quite interesting. Since the US stock market opened on Friday, ETH has directly broken through resistance levels and surged above 3100. When it retraced to around 3074 yesterday afternoon, many might have wondered if it would continue to fall, but the market quickly stabilized and rebounded, regaining the 3100 level. This morning, it even surged further, hitting a new high of 3165. Although it later pulled back to around 3140 for consolidation, the overall trend is quite clear — the bulls are clearly gaining strength, and the bears are being pushed down. From a technical perspective, Ethereum's next direction is bullish. The strategy at this point is simple: wait for a suitable low-entry point to go long. Bitcoin also remains strong amid expectations of increased holdings, along with high-heat coins like SOL also rising, creating a lively atmosphere in the entire crypto market. When a confident entry signal appears, it’s best to buy on dips.

Ethereum's short-selling logic has now fallen into a dilemma. Continuously adding to short positions may seem like fighting the upward trend on the surface, but in reality, it only lowers the liquidation price, which is exactly what market movers are exploiting. Once a bullish candle appears on Monday, many will be forced to exit. From the current trend, Ethereum still has considerable upward space to release. All profits from short positions have been compressed to the limit. The key point is that all levels before the 3600 mark have undergone thorough shakeouts—whether it's the 3100, 3400, or 3500 ranges, the market has absorbed them. This means that the area from 3100 to 3600 will form a relatively smooth upward channel. The real position to watch out for is 3700. After that, what happens is well understood by those in the know. The overall rhythm of BTC and SOL is also worth paying attention to, as these three assets currently form a linked effect.