Ethereum quickly retraced at the 3280 level, which actually presents a good long opportunity. From a technical perspective, there are several key supports here—Fibonacci 0.618 retracement level, accumulated order blocks, plus support from the 4-hour EMA20. Overall, it shows a typical high-level consolidation pattern. More importantly, the price has broken above the Vegas channel upper band, and the daily level Vegas channel resistance is around 3400.

In terms of trading, consider shorting around 3380 for a quick move, while 3280 is a more solid long entry point. Trading back and forth between these two levels is also a good strategy. If the price can successfully break through the daily Vegas channel resistance, it could aim for the 3510 zone. Conversely, if it falls below this support zone, it may enter a consolidation and downward correction phase.