ETH is about to break through! Target $3,800, get ready for a surge! 1. Market analysis

Current price of ETH (Ethereum): $3,594.83, intraday high $3,670.00, low $3,500.00. Ethereum is currently in a consolidation phase, with prices fluctuating between $3,500 and $3,670. If it breaks through $3,670, ETH is expected to usher in a strong rise, with a target price of $3,800.

2. Technical analysis

Support level:

$3,500 (short-term support): If the price pulls back to this position, it is expected to be supported and continue to rise. $3,400 (strong support): If it falls below this level, it may pull back to $3,300 or lower. $3,200 (key support): If this support is lost, it may trigger a larger adjustment, and the price may fall below $3,000.

Resistance level: $3,670 (short-term pressure): After breaking through this level, ETH is expected to continue to rise, with a target of $3,750. $3,750 (strong resistance): If this level is broken, the market target can hit $3,800 and $3,900. $3,800 (breakthrough target): If this level is broken, ETH may enter a new rising cycle, with a target of $4,000 or even higher.

MACD shows upward momentum, RSI is in a healthy range, market sentiment is relatively optimistic, and ETH is expected to break through in the short term.

3. Short-term contract strategy

Long strategy:

Entry level: $3,600 Stop loss level: $3,500 Take profit level: $3,750

If it breaks through $3,670, you can continue to follow up and go long, with a target price of $3,800 and $3,900.

Shorting strategy:

Entry level: $3,800Stop loss level: $3,850Take profit level: $3,600

If the price fails to break through $3,670 and pulls back below the support level of $3,500, you can consider shorting.

If ETH breaks through $3,670 and $3,750, it is expected to rise to $3,800 or higher in the short term! If it pulls back below $3,500, shorts may dominate the market and prices may fall further to $3,300.

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