Recently, Ethereum spot ETFs absorbed $479 million in net inflows this week. Many people are getting excited, thinking this is a signal of a market reversal. However, from a market perspective, capital inflows are more of a confidence booster rather than "rocket fuel" that can propel the market to new heights.

The true driver of a sustainable upward trend still depends on the interplay of trading volume and fundamentals. Looking at numbers alone can be misleading; the key is whether trading volume can keep up and whether the fundamentals are genuinely improving.

From a technical standpoint, a pullback is actually a good opportunity for low-cost entry. As long as the critical support level of 3200 holds, the medium-term trend remains unchanged. Instead of chasing after high prices, it's better to patiently wait for a safer entry point. Cryptocurrency markets are inherently volatile, and at this moment, it's a contest of who can stay calm.