Ethereum recent performance remains steady. Since the beginning of the year, it has increased by 14%, currently testing the $3300 level repeatedly. $3280 is a key support; a break below should be approached with caution. Resistance above is at the $3385-3450 range. From the chart, the upward trend line remains intact, and although the hourly MACD shows some weakening, the bullish pattern has not changed. The probability of rebounding after testing support and resuming upward movement is relatively high.

Institutional signals should not be ignored. Standard Chartered Bank has issued an aggressive forecast—targeting $7500 by the end of 2026, and aiming for $40,000 by 2030, which suggests the ETH/BTC ratio could return to the all-time high of 2021. The White House analysis team’s baseline target is $5413, implying about 60% upside potential. On the practical side, Europe has approved fully staked ETH exchange-traded products, US regulatory frameworks are gradually clarifying, and leading institutions like Bitmine are continuously increasing their staking positions. Additionally, with the RWA track heating up, DeFi ecosystem active, and network throughput improvements imminent, the long-term fundamentals are indeed strong.

Operational advice is layered: short-term traders can gradually position themselves between $3280-$3310, with stop-loss set below $3240, and take profits at $3370-$3400 in stages; medium- and long-term investors can build positions in the $3100-$3200 range, and consider adding more after breaking through $3400. Remember—technical analysis may show short-term pullbacks, so maintaining rationality is key.