Ethereum has surged too much this time, just hitting the resistance line from the past few years, it feels like hitting a ceiling. From a technical perspective, this position is not very suitable for chasing aggressively; too long of a sideways movement is not a good sign. If it cannot break through, it is very likely to retrace a bit before continuing upward.

In the short term, it may pull back to around 3200 or 2800; those who prefer a more stable approach should wait for an opportunity and not act impulsively.