Ethereum broke through the daily upper trendline and the confluence of MA60, MA300, and MA450 last night, directly reaching above 3140. The current market remains at a high level with sideways consolidation, but the daily K still shows signs of testing EMA60 for a potential upward breakthrough. The next key resistance if broken is at the EMA80 level. All indicators on the daily chart suggest that the bulls still have momentum, but KDJ and RSI are approaching overbought levels. The strategy is to wait for a pullback to enter long positions! During the day, continue to monitor the confluence of MA60, MA300, and MA450 as the first support level, with the second support around the midline;

In the 4-hour chart, the candlesticks are adjusting from the previous high and EMA300 levels. A breakout would indicate the next resistance at the MA450 level, which aligns with the EMA80 on the daily chart. This can serve as a short-term resistance after overbought conditions and a point for high short positions!
Today’s suggested short entry point 1: Light short above 3250; stop loss above 3300, target 3145-3095; if broken below 3080-3050, continue to hold;
Today’s suggested long entry point 1: Long below 3095, stop loss below 3030; target 3140-3190-3250, if broken above 3260-3300, continue to hold; specific operations can be adjusted based on real-time market conditions.