$ETH update plan 02/12/2024. Currently, ETH is maintaining a good upward wave, running similarly to BTC from 70k until now. The $3700 point is currently a strong reaction point on the daily frame within the downtrend line, which can easily cause ETH to adjust by 100-300 points in a day.

🔸The candles are strong, and with Altcoins gaining momentum, ETH also has a high possibility of a bull trap, pulling the ETH price up to the 3830-3925$ range to take profits. The target for the adjustment cycle is around 3350-3490, then sideways, and we will continue to update.

🔹Overall, the current target of 4k is still too early; this time MM is driving more skillfully than in other seasons, with changes each time. I cannot update daily and continuously by the hour, as the larger frame plan is quite close, so there is no need for frequent updates that might distract everyone. Just establish the larger frame plan and trade at reaction points, and trade according to small waves within the progress of the larger wave.