Today's ETH market is like a roller coaster, those who shorted are probably feeling overwhelmed. Starting from 2 PM, the price surged straight up by 70 points, and the bears were directly 'squeezed' out.

However, the good times didn't last long, as it quickly fell back. Currently, 3450 is the key resistance level; if it can't break through, there is a high probability of a pullback. The extent of the pullback will depend on the breakout position below, with the bottom likely around 3380 near $ETH