Last night around 22:27, ETH experienced a significant anomaly. Under the pressure of the short-term moving averages and the previous high of $3,058.38, the price suddenly formed a solid long bullish candle, directly breaking through multiple resistance levels — a classic "breakout confirmation" pattern, signaling the start of a new upward trend.

From a technical perspective, ETH started at $3,017.64 and surged directly to $3,058.38, successfully surpassing the previous key high. Where does the next move depend on?

The short-term resistance level to watch is the 24-hour high of $3,112.15. If this level can be effectively held, there is more room for upward movement. Conversely, if the price pulls back to stabilize around $3,058.38, it presents a good opportunity to add positions — this is the so-called "pullback confirmation," a common setup point used by experienced traders.