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Look at the future trend of Ethereum
First, let's talk about the monthly chart. Ethereum has formed a large bullish candle on the monthly chart, which looks quite powerful. From the monthly perspective, it has risen from around 2300 to about 3700 over the course of 4 months; the overall trend is upward, and the bullish momentum is strong.
However, there is a problem: the price has risen too quickly, deviating from its original foundational position, like a string being pulled too tight, which needs to be loosened.
So, I guess that this month, specifically December, Ethereum's price might fluctuate quite significantly, like a pin being inserted, going up suddenly and then coming down; it’s unlikely to rise sharply and then stay steady.
Looking at the weekly chart, it also formed a pretty nice bullish candle, but that doesn't mean it's at the top. I think this week Ethereum might push for a higher point, and it could face some resistance around 3900 to 4100, after which it might pull back, similar to a pin being inserted, going up and then down.
On the daily chart, it has been pretty average these past few days, moving upwards with some fluctuations, but I don’t see any signs of reaching a peak.
Overall, Ethereum still leans towards the bullish side, but we need to be cautious about a scenario this month or this week where there’s a sudden large increase followed by a large decrease in price.
I think it might rise first and then fall, with the peak likely around 3900 to 4100, and the bottom possibly around 3350 to 3450, with 3100 also being a level to watch.
