Looking at the 4-hour K-line, Ethereum indeed surged quite strongly in the early session, reaching a high of 3219. But the problem is that there is no momentum to continue the upward trend, and now it is stuck in a high-level oscillation, lingering there.

From this pattern, the main tone is still bearish. Especially in the 3220 to 3250 range, my advice is to stay alert and short on rallies. If it drops from here, the recent target could be around 3000.

As for Bitcoin, it’s also important to pay attention to its movement, as Ethereum’s trend often follows Bitcoin’s rhythm. If there is no breakthrough rally in Bitcoin, smaller coins will find it difficult to move independently. So, this bearish outlook should still be valid.