Looking at the recent ETH trend, I want to analyze the current situation from a technical perspective.

**How to View the Larger Cycle**

From the daily chart perspective, after rebounding from the low of 2620, the high formed is higher, and it has already broken through the previous consolidation level of 3000. Currently, the price is testing the previous high liquidity around 3452, but a true breakout has not yet formed—it's just a "touch" of the previous high.

The 4-hour chart is more straightforward. After the low of 2772, the price has been moving in a continuous upward rhythm. The recent large bullish candle directly broke through the 3183 consolidation zone, forming a key support point for trend continuation. The MACD has also crossed bullish, with volume increasing simultaneously, confirming that the medium-term dominance is indeed bullish.

**Liquidity Layout**

On the daily chart, a large number of sell orders are stacked below the previous high of 4754—this is the "den" of the bears. The secondary liquidity is at 3452, which is also the current price zone we should focus on. The range from 2620 to 3000 was originally an imbalance zone during the upward process. Now that the price has recovered and stabilized there, it indicates that the bulls are in control.

On the 4-hour chart, the FVG (Fair Value Gap) formed between 2772 and 2887 was not revisited after the price surged quickly, which is called "strong momentum without fill"—a typical bullish signal.

**How to Find Short-term Positions**

On the 1-hour chart, after rising to 3383, the price pulled back slightly, and volume decreased, indicating that selling pressure is not significant. This belongs to the "shakeout" rhythm of the bulls. The zone between 3200 and 3250 is a dense area of bullish candles on the 1-hour level, and if the price retraces to this area, it could be an entry opportunity.

Overall, the medium-term trend favors the bulls. In the short term, the key is whether liquidity nodes can be effectively broken through.