$ETH

The concubine has completed multiple tests at the 3300 line, breaking the box that had been maintained for over ten days. The weekly closing line showed a solid bullish candle breaking through the MA7. Currently, from a weekly perspective, the upper boundary is at the 3800 line, which can be referenced as a key short-term resistance. If a breakout and stabilization can be achieved, the bulls will continue to test the previous highs; conversely, a downward test of short-term support is expected. The short-term support below is near the K-line spike low from early December, which is also the price around 3500 that had rebounded multiple times before.

On the daily level, the K-line is above the MA30 but is temporarily under pressure from the upper track. The indicators in the attached chart are leaning towards strength, and the 4-hour level also shows momentum for further upward testing. In the short term, the boundary is at the 3800 line; if it breaks through, it will extend to test above 4000. Below, reference can be made to the MA30 and around EMA200.

Ice sugar suggests: If 3800 does not break, consider shorting in the 3750-3780 range, targeting 80-150 points.