Ethereum at the 3200 level indeed looks promising, but I have to pour some cold water: claiming a breakout will lead to a surge is too early to tell.

The technical chart is right here, and the daily trend upward is fine. The problem is, if you look at the trading volume—it's mostly existing positions warming each other. Where is the real incremental capital that can drive the market? That's exactly what this market is most lacking right now.

3200 is indeed a key resistance level, but breaking through it doesn't mean the market will continue to rise smoothly. These days, technical breakouts are too easily turned into traps to lure traders, especially when funds are insufficient.

There's also an unavoidable reality: Ethereum is now more dependent on Bitcoin's moves. Frankly, its independent market strength is very limited. Without major positive catalysts, a simple technical breakout is hard to sustain.

My advice remains the same logic: strictly filter based on fundamentals, take profits when in the money, and don't leave too much room for retracement. Technical analysis can be referenced, but never let it be the sole reason for your actions. The market isn't that simple.