Ethereum's recent market movements have been quite interesting. The daily candlestick is approaching the key resistance level at 3326. Whether this is a breakout forming a W-bottom bullish pattern or a shift to a triangle consolidation is something we can observe in the coming days. In the short term, the trend is undoubtedly upward, but the details are worth analyzing.

From a technical indicator perspective—on the daily chart, support is at 3197, and resistance is at 3585. On the 4-hour chart, support levels are at 3240 and 3184. Moving averages still support the bulls; although the daily MACD is in a golden cross, the momentum of the histogram is starting to weaken. The 4-hour MACD shows some weakness, with a feeling of being slightly stretched. Aggressive traders might consider shorting around 3280 to test the waters.

The Bollinger Bands are opening with the middle band trending upward, and the candlesticks are hugging the upper band, rising along it. Volume is gradually increasing, indicating that the 4-hour upward trend remains relatively steady. Looking down to the 1-hour chart, support zones are at 3117-3145 and 3185-3217, while the resistance zones on the daily level are at 3327-3446.

From Fibonacci retracement levels, the 0.618 retracement is at 3177, and the 0.786 is at 3295. The price has already reached the 0.786 level, and the next key point is whether this strong rally can break previous highs and reach new highs.

Both bulls and bears have opportunities here. The daily chart has not yet fully exited the consolidation zone; it has now reached a critical resistance level. The next move depends on the recent performance. There are no clear reversal signals in the short term. Although the 4-hour chart experienced a dip and then recovered, indicating selling pressure above but still strong bullish momentum. At this level, both sides can consider trading, but risk management is crucial.

For aggressive traders, consider these entry points: for bullish positions, enter near 3150, add on at 3120, with a stop-loss at 3100, and targets at 3180 and 3205. For bearish positions, consider entering at 3288 or 3326, adjusting stops and targets accordingly. Remember, markets are volatile, so always adapt your strategy based on real-time price action.