Ethereum is currently trading above 3200, having risen over 100 points since starting from 3070. This wave of rally has not finished yet; it just temporarily broke through the 3200 integer level. The bulls' momentum has not yet dissipated, but the question is—it's time to consider whether to hold the full position or to start taking profits in stages. Those who are unsure can reduce their positions to lock in some profits, while those who can withstand the pressure can continue to look for further upside potential. For friends who have missed this wave, don't rush to chase the high; waiting for the next pullback opportunity is the right approach.

Looking at the daily chart, the highest touch before this report was 3215, and the lowest retracement was 3090. The EMA trend indicator remains in a contracting state, and the market is likely to oscillate around 3200 repeatedly. There is strength in pushing upward, but it is also very possible to test the 3000 level again downward. The MACD shows signs of increasing volume and buying momentum, with DIF and DEA recently crossing above the zero line. The middle band support of the Bollinger Bands is still at 3065, and the upper band is focused on 3285. As long as the northbound momentum remains effective, holding can continue; for southbound, wait until this wave of momentum is fully released before considering.

The four-hour pattern has completed a U-shaped reversal. After effectively breaking through 3170, it has turned from resistance into support. The MACD shows increasing volume and buying momentum, with DIF and DEA breaking above the zero line and reaching high levels. The upper band resistance is at 3175, and the middle band is at 3120. In the short term, the market has entered an overbought territory, and reversal risk indeed exists. Therefore, the most prudent strategy is to take profits in stages at high levels, while continuing to hold the remaining positions, thus keeping risk within a reasonable range.

Short-term trading reference: Only when the support at 3100 to 3050 is confirmed as effective can northbound confirmation be considered, with a stop loss of 40 points. The target is set at 3150 to 3200, and if broken effectively, then look at 3250; on the upside, after facing resistance at 3270 to 3320 and turning south, with a stop loss of 40 points, the target is to revisit 3220 to 3170, and if broken, then look at 3120. Specific operations should be based on real-time market data; this article is for reference only, and risk is at your own discretion.