Recently, Ethereum (ETH) has been quite interesting. The price stubbornly broke through the $3160 level and then continued upward, reaching a short-term high of $3375. The buying enthusiasm is quite hot. More importantly, this breakout also broke the previous downward trendline formed around $3140 — in other words, the bulls' dominance has been established.

However, things that rise quickly often also pull back sharply. ETH is currently holding above $3300 and has maintained the 100-hour moving average, so short-term support is in place. Next, the price may pull back to around $3250 for consolidation, which is normal. The key point is — as long as it doesn't break below $3250, the bullish story isn't over, and there is still room to go higher.

From a technical perspective, this "rapid rise → correction and consolidation" rhythm is actually the most comfortable. A quick surge followed by a moderate pullback can clear out some short-term profit-taking, making the market more solid and preparing energy for the next upward move. As long as the price doesn't break through the key support level, the legitimacy of the upward trend remains.

For ordinary investors, what is the current strategy? Keep an eye on the $3250 support line and see if it can hold. If it holds, the pullback is an opportunity; if it breaks below, then a reassessment of the situation is needed. Remember — no matter how good the market looks, risk control is essential. Don’t get blinded by superficial heat; no one wants to experience being caught in a high-level chase.