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

Based on my technical analysis, several scenarios may unfold today, each requiring a different approach.

**First, the bullish strategy.** If the price finds liquidity below the low around $3270, that signals a potential long opportunity. I will look for breakout points in the 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 the position.

**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 becomes an excellent position to add to the position.

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