Ethereum's current trend is indeed worth paying attention to. The current price is around 3172, closely following the upper Bollinger Band at 3193. From a candlestick perspective, it is already in a quite tense state. Many are watching the MACD indicator, with the red histogram showing a value of -1.19, and DIF and DEA are basically close together, indicating that the upward momentum is weakening. However, from the moving average combination, MA7 is about to cross above MA30, showing signs of a golden cross, which is somewhat meaningful.

The technical resistance level is at 3200, with support at 3150. Recent volatility has compressed to 0.69%, with an extremely narrow trading range, often signaling a calm period before a major move.

On-chain data is quite interesting. In the past 24 hours, large wallets have increased their holdings by over 50,000 ETH, and net outflows from exchanges are also rising, showing a clear trend of concentration among large holders. These details often hint that market participants are preparing for the next move.

From a macro perspective, the final approval window for the Ethereum ETF is getting closer, and the total locked value in Layer2 ecosystems has also broken previous highs. These are potential catalysts.

From a trading standpoint, I tend to believe that in the short term, the market will first dip back to around 3150 to accumulate energy. Once a volume breakout occurs above 3200, it may directly surge toward 3300. For specific operations, you can gradually build positions around 3150, set a stop-loss at 3120, and aim for an initial target above 3250. Market movements often test patience.