Ethereum recent performance has indeed been eye-catching. Yesterday, following Bitcoin's footsteps, it surged to near the $3400 mark. However, the current market has entered a consolidation phase, and the next direction is the key.

Based on my technical analysis, several scenarios may occur today, each requiring a different response.

**First, the bullish outlook**. If the price finds liquidity below the low around $3270, that signals a potential long entry. I will look for breakouts in market structure on the 15-minute and 1-hour charts. When the price revisits the weekly high near $3400, it’s important to see if the 4-hour chart can hold — if it does, continue seeking long opportunities; if not, consider reversing.

**Next, the bearish logic**. If the 4-hour chart fails to hold, I will only engage in such counter-trend trades within low-risk zones, aiming to quickly capture liquidity without greed.

**What is the strongest signal?** If the price can break through the high near $3450 and be confirmed on the 4-hour chart, it’s time to look for larger-scale long opportunities. When retesting around $3600, that also presents a good position to add to your holdings.

In summary, today’s market hinges on whether we can effectively break through and retest levels. Coordinating multiple timeframes can improve the success rate. Let’s wait and see.