ETH/USDT Perpetual Contract's recent trend is quite interesting. The price broke above $3,371.82, with a 24-hour increase of over 6 percentage points. The upward momentum looks pretty solid.

From a technical perspective, the large bullish candlestick on the daily chart is quite fierce. The candlestick on January 14 completely engulfed the previous day's bearish candle, forming a classic bullish engulfing pattern—this kind of pattern usually indicates a strong reversal signal. The price started around $3,280 and surged with high volume directly up to $3,403.77, successfully breaking through the previous consolidation platform, locking in the upward trend.

Looking at the moving averages, MA5, MA10, and MA20 are all aligned in a bullish configuration, with the price firmly above these MAs. This setup is the most comfortable rhythm for bulls. The MACD and KDJ indicators also confirm that the bullish enthusiasm has not waned.

For short-term trading ideas, holding or buying on dips are both viable options. But don't be too greedy; there is always a risk of a pullback at high levels. For stop-loss, the MA50 line (around 3,326.90) is a good reference. It's crucial to watch the 3,400 level and previous highs, as these areas often act as resistance.