Ethereum's recent performance has indeed attracted attention. This wave of market movement started with a breakout from the triangle pattern, and yesterday tested the resistance level at 3170, while today it broke through directly. The current question is whether it can truly stabilize, which is very critical.

From the overall pattern, the bullish momentum remains quite strong. As long as it can hold around 3170 this time, there should be no major issues. Short-term trading ideas can revolve around the 3170 to 3130 range, buying on dips in batches, with targets aimed at the 3320 to 3400 range.

However, a warning must also be issued—when the price approaches 3400, caution should begin. Such upward surges often lead to a significant pullback at the top. Therefore, close attention to risk around 3400 is recommended, and do not be overwhelmed by the upward momentum.