Ethereum's trend currently is at an interesting crossroads.

From the 3550 to 3650 range, it is indeed in an overbought state in the short term, with significant resistance above. It is very easy to oscillate back and forth here, and a slight oversight could lead to a pullback. But this is not the end—if the price can effectively break through with volume and stabilize above, then the entire structure will shift from a consolidation phase to a medium- to long-term upward trend, signaling a change in the pattern.

The real test lies below. The $3000 level is crucial and currently the strongest structural support. As long as the price does not break below this, the bullish pattern remains robust, and the support strength is quite solid.

The current focus is not on guessing where the top or bottom will be. The key is whether these ranges can be truly broken. The direction of the market is often determined by this break or hold. Technical structure will speak for itself, and it is more reliable than any emotional judgment.