Ethereum's trend is now stuck at an interesting crossroads.

From the range of 3550 to 3650, 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 out with volume and establish itself 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 solid, and the support strength is quite firm.

The current focus is not on guessing where the top or bottom might 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.