ETH was driven by news yesterday, directly surging to 3446 before stalling. This morning’s sharp correction brought it down to around 3165 before stabilizing.

In the afternoon, watch the rebound strength. The range between 3250 and 3280 is a hurdle; if it can stabilize there, there’s a chance to test 3320 or even the previous high. But if it can’t break through and forms resistance, be cautious—first look at whether 3120-3150 can hold. If it really breaks below 3150, it might head towards the 3000 integer level.

For friends holding mid-term short positions, it’s recommended to use the previous high as a stop-loss line. Consider reducing positions around that level to lock in profits, while holding the remaining positions and observing. The market is like this now—key levels determine direction, don’t fight it blindly.