Ethereum is currently operating within a typical ascending wedge channel. Recently, the market has shown a clear characteristic—both the lows and highs within the channel are gradually rising, indicating that the oscillation range is continuously adjusting and changing.

From a price perspective, the 3300 level is a strong resistance that Ethereum has attempted to break through multiple times but has failed each time. Looking downward, around 3212 forms an interesting support point—this is not only a recent technical support but also where the ascending trendline and support level resonate, exerting significant strength.

Based on the channel characteristics, trading ideas can be considered as follows: for a long position, you can consider entering around 3212 with a stop-loss at 3146, targeting the zones of 3278 and 3337. Conversely, if bearish, shorting around 3300 is also an opportunity, with a stop-loss at 3374 and targets at 3226 and 3193.

The key is to understand the rhythm of this channel—go long at support levels, go short at resistance levels, and follow the trend. When it comes to actual trading, rhythm and execution are often more important than prediction.