Recently, Ethereum has mainly been consolidating in a weak manner, and the overall market volatility is very low. However, in terms of overall trend, Ethereum is performing stronger than Bitcoin, which indicates that the market's main institutions have started to accumulate Ethereum. Funds from ETFs are also silently flowing into Ethereum, which is a very good opportunity for Ethereum.

Looking at the four-hour level, there are signs of a stop in the decline and stabilization for Ethereum. The four-hour level of Ethereum has continuously pulled back without following Bitcoin's downward trend. The $3500 line remains a strong boundary for Ethereum's strength and weakness, but at present, it is very likely (over 80%) that Ethereum will strongly break through and stabilize at the $3500 line, and then further attempt to reach $3800. Once Ethereum starts to gain momentum, there is an 80% chance it will strongly break through and stabilize in the $4000 - $4200 pressure zone.

Recently, even if Ethereum retraces following Bitcoin, there is no need to worry too much. Based on my years of experience, this is a common method used by institutions to wash out positions, so I personally believe that the opportunity for a significant rise in Ethereum has arrived.

From the daily level, Ethereum has been correcting for several days. As 2024 is about to end, Ethereum will soon have its monthly and yearly closing. I have always emphasized that as long as Ethereum’s daily level does not strongly break below the $2800 line, then after the bulls adjust, Ethereum will further rise strongly.

In March of next year, Ethereum will welcome a significant upgrade, and generally, a market will start. Therefore, the opportunity for Ethereum is about to come, and altcoins will also experience a wave of magnificent market movements.