Recently, the competition between L1 and L2 ecosystems has noticeably intensified. Solana has raised several doubts about Ethereum's Layer 2 solutions, and the entire market is beginning to focus on this scaling route comparison. On the surface, it appears to be a rivalry, but from a long-term ecosystem development perspective, this healthy competition will actually promote each chain to optimize its own solutions, which is beneficial for the entire industry.

From a technical standpoint, Ethereum's development direction remains clear. Vitalik's recent statements hint that a new round of technological iteration is on the way. As a pioneer in this field, his every move influences market expectations.

Now, let's look at ETH's current market performance:

The current price is around $3337.21, with a clear bullish signal. The RSI indicator reads 50.4, in a neutral to slightly strong zone, indicating that upward momentum is still building. Support is at 3270.47, and resistance is at 3403.95. Traders are betting within this range. The key breakout level is 3387.27. If ETH can effectively hold above this level, it may trigger a chain reaction.

My personal trading approach is:

Once ETH confirms a breakout above 3387.27, I tend to add to my position. The target above is near the resistance at 3403.95. But the prerequisite is proper risk management, with a stop-loss set at the support level of 3270.47. In simple terms, given the increased market volatility, maintaining a calm mindset is crucial. Don't chase gains or sell in panic just because of short-term price swings; such actions often come at a cost.

What are your thoughts on this wave of market movement? Do you have any different opinions?