The current situation faced by Ethereum is worth paying attention to. The $3500 level has become a clear resistance zone, with short positions clustered above key points at 3500, 3600, and 3700. To effectively break through this defense line, the market makers need a sharp rally of 500 to 1000 points, pushing above 4500 to smoothly clear the short positions above. But then the problem arises—once the price rises to this level, the bulls below will also profit significantly, and the market makers will have to spend a huge amount of capital to absorb and push the price, which can be quite costly. The movements of BTC and SOL also influence the market nerves. Under this current game pattern, both bulls and bears are waiting for a clear breakout signal.