Recently, ETH's performance has indeed attracted a lot of attention. From a technical perspective, there are several noteworthy driving factors behind this wave of market movement.

First, the anticipation of spot ETFs continues to heat up, with major institutions quietly positioning themselves. Second, the rapid development of the Layer2 ecosystem has provided new support for Ethereum's fundamental value. Additionally, on-chain data shows that whales are continuously accumulating at low levels, leading to a significant change in liquidity structure.

Looking at the K-line trend, after reaching 3400 recently, it retraced, and this volatility itself reflects market participants' disagreements. The performance around 3306 indicates that the bulls are holding a certain defense in this range.

From a trading perspective, there are two main approaches:

**Long position idea**: Focus on the support zone of 3280-3300. If the price stabilizes here, you can try a small position to test, observing the trading volume in conjunction.

**Short position idea**: You must wait for the price to break below 3250, with a significant increase in volume, before considering a short. Set the stop-loss at 3270, and the target can be around 3200-3160.

Honestly, at this position, it's more about observation than action. Waiting for a clear breakout or breakdown at key levels before deciding on the direction is much more rational than blindly chasing the market. Opportunities will always exist, but the premise is to conserve your bullets.