Recently, I'm still leaning bullish on Ethereum.

I'm mainly watching the 2970 level, which is a pretty key support line. As long as it holds and doesn't break, the upward trend remains intact. Why do I say this? First, this price is exactly where Barron opened his long position; second, from a technical perspective, it's also the midline support of the 2-day bullish candlestick.

With these two factors combined, the importance of the 2970 support level becomes clear. If it breaks, the outlook needs to be reassessed; if it holds, I’ll continue to be bullish.