Yesterday, Ethereum experienced an upward surge, breaking through the key resistance level of 3400. However, on the four-hour chart, it did not establish a solid footing, and even the minor support at 3380 was not effectively confirmed. It can be basically judged as a false breakout. In the morning, a short position strategy at 3400 was provided, and the position was successfully entered.

The current rhythm still revolves around the range of 3270 to 3380, a judgment also mentioned in yesterday's analysis. The short-term strategy framework remains unchanged—mainly short at high levels and long at low levels.

The US CPI data release is imminent. Such macro events often cause volatility shocks to Bitcoin and Ethereum. Before and after the data is released, the market may have some emotional reactions. However, from a technical perspective, as long as the price oscillates within this range, we will follow the original plan and not overreact to market noise. Stay patient and wait for clearer directional signals.