Ethereum has experienced a significant surge, breaking through a key resistance level. The focus now lies on whether it can maintain its current position or experience a pullback. Investors are considering adding to their positions if Ethereum holds steady above $3,700 or if it retraces back to the $3,500 range. However, reaching $3,200 seems unlikely without a major negative catalyst. Some investors are eager to capitalize on adding positions at this stage of the market.

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