Ethereum's recent market rally has indeed been impressive, but the problem is that each time it rises, it can't hold steady and then pulls back. The key now is whether the 3450 level can truly break through.

From a technical perspective, Ethereum's recent oscillations indicate that the bulls are still accumulating strength, but the bears' defense is also strong. Every surge is accompanied by a pullback, and this repeated process is actually very crucial — either enough energy is accumulated for a breakout or a deep correction occurs again.

There's no need to rush in the short term; just wait for confirmation of a breakout at this level. Once 3450 is effectively stabilized, the subsequent upward potential will become clearer. For now, it's a waiting period — patiently watch for signals.