Ethereum still maintains a bullish pattern, but it is now approaching the short-term resistance zone. Friends who want to continue chasing the long side should be aware of the risks.

From a macro perspective, the bullish framework is still intact—price has been trading close to the midline and moving averages, and each pullback has not effectively broken through those key moving averages, which is a sign of strength. The previous high is around 3260–3280, and it is still near that level. The MACD is starting to decrease in volume at high levels, and the red histogram is weakening, which indicates a normal trend correction and nothing to fear. The RSI indicator has pulled back from high levels but remains within the 55–65 range, with no signs of forming a bearish divergence.

Key levels to keep in mind: 3255–3265 is the strongest recent resistance zone. To break through upward, a volume breakout above 3280 is needed to enter a new acceleration phase. On the downside, 3230–3215 is the first support, and 3185–3200 is the trend defensive line.