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Ethereum daily chart overall maintains a bullish pattern, with indicators at all levels above the waterline, which usually suggests the possibility of continued upward movement. However, there is currently a relatively large resistance zone, and rushing in directly may not offer the best value.
From a price perspective, the upper target points to the 3285-3318-3350 range, which is a key resistance level to break through on the daily chart. The support levels below are at 3130, 3077, and 3050, with 3077-3050 being a relatively important support zone.
The momentum shown on the 2-hour chart is not strong enough, indicating that a direct hard top is unlikely. If the price can retrace to the vicinity of 3077-3050 and find support, entering long positions then would be more reassuring, and the risk-reward ratio would significantly improve. Currently, this position is better suited for observation, waiting for a better opportunity.