The trend of Ethereum is quite interesting, having successfully broken through the trend line. However, on the 4-hour level, it is still under the pressure of the EMA moving averages. In terms of the current trend, it remains relatively stable.
However, if there is a lack of continuous volume and price supply support, whether a direct breakthrough can be achieved still needs to pay attention to the trend of Bitcoin and the exchange rate situation between Ethereum and Bitcoin, as these are key considerations. If Ethereum can break through 3500 and establish stability, the upward target can look towards 3600; on the downside, it is important to focus on the support level of 3415.