Recently, Ethereum has been relatively hardcore. Here’s a simple analysis of the short-term strategy for $ETH :

Currently, the price is running in an expanding triangle pattern. It is clear to see that the bulls are still quite strong. We can observe the breakthrough situation of the upward trend line. If the breakthrough is successful, we can enter the market accordingly. If the breakthrough fails, we can wait for a pullback and then enter long positions at the following points:

Around 3525 (where the Fibonacci 38.2 is located, originally a resistance level, now converted to a support level)

3420—3470 (the Fibonacci 50—618 is located within the golden retracement zone, originally a resistance level, now converted to a support level, which is relatively stable)

Next, we just wait!