The current price of Ethereum is 3386, the lowest point before the daily candlestick was 3030, and the highest point was around 3430. The ascending triangle flag pattern has been broken, and according to the flag pattern indicator, it is very likely to break through the previous high resistance level of 3450. During sharp rises and falls, we will look at the daily candlestick to see that it has held the 3000 level. The EMA trend indicator is expanding upwards, and the bullish indicators that are stretching upwards have not yet ended. The MACD has just started to shrink but has reversed to show a volume increase upwards. The DIF and DEA are alternating between dead cross and golden cross, indicating a short squeeze that has been brewing for a long time. The members in the group were also able to buy at the lowest point around 3030. The upper pressure level of the Bollinger Bands has reached 3585, and the KDJ has formed a golden cross upwards. According to wave theory, the daily candlestick has broken the fifth wave, and the effective bullish trend of the triangle flag pattern remains unchanged, focusing on the strength of the flag support at 3250.

The four-hour candlestick has had six consecutive bullish candles, the EMA trend indicator is stretching upwards, and the EMA15 has reached 3186. The MACD technical indicator has continuously increased in volume, leading the way. The ladder volume is moving up with a high position and is expected to stagnate around 3400, as the upper Bollinger Band at 3316 has broken, and the candlestick will return to the channel. The upper band is still stretching, and the KDJ expansion trend remains unchanged. The overall trend remains bullish, so a drop within the bullish trend is directly judged as a short squeeze. Wait for a pullback to the trend support to primarily go long.