Ethereum has surged past $3,200, and the rally is indeed fierce. But let's stay calm—a direct run to $4,000 might not be that straightforward.

First, let's look at the current situation. The price is above the short-term moving averages, which seems pretty solid, but that doesn't mean it's all green lights ahead. The support below is at $3,080–$3,100—that's the bottom line. If it breaks, things could get tricky. As for resistance? It's at $3,300 to $3,350; previous highs are clustered there. Only a breakout above that range would truly open an upward channel. There's another detail not to overlook—the trading volume needs to gradually increase. If the price rises on low volume, it's probably a false rally and could fizzle out at any time.

Also, keep an eye on Bitcoin’s performance. If it gets stuck below $94,150, ETH will likely pull back too. After all, if the leader doesn’t move, it’s tough for the follower to go solo.

A real push to $4,000? Several hard conditions need to be met: Bitcoin has to break out first—that's a prerequisite; Ethereum’s own ecosystem narratives must hold up, such as the effectiveness of upgrades and restaking concepts that can attract new capital, not just existing funds shifting hands; and the macro environment needs to cooperate—like the Fed actually delivering on rate-cut expectations, so big money dares to enter.

What to do operationally? If you’re holding coins and your cost is low, you can keep holding. If it rises to around $3,300, consider taking some profits to lock in gains. If you’re heavily invested, set a stop-loss—if it falls below $3,080, reduce your position. Don’t bet on luck. Want to enter short-term? Wait for a pullback to $3,150–$3,180, don’t chase the rally at the top.

In short, yes, the price is up, but don’t get carried away by emotions. Keep an eye on key levels and manage your position sizes so you can actually profit from this wave.