Looking at the 4-hour trend, Ethereum's current upward wave is still in progress. The logic here is very clear—follow the trend to find lows for long positions. If the price retraces to the 3070-80 range, wait for a clear signal candlestick on the right side before entering, which will increase the win rate.

On a smaller scale, there are still some selling pressures around 3230 that the bulls need to gradually absorb. The MACD has already shown signs of a small top divergence, indicating that the short-term rally is weakening. If there are short positions on the left side, they can only be small-scale.

Both EMA and Vegas are aligned in a bullish formation, which is a very strong signal. Since the upward trend pattern is so complete, a decline can be understood as a complex correction within the uptrend rather than a true trend reversal. Therefore, at this stage, it is still important to maintain a bullish mindset.