Due to Ethereum's strong performance, the main focus has been on Ethereum before the exchange rate weakens.

After criticizing Ethereum for half a year, this shift feels quite unfamiliar. However, since it was previously weak enough, those who needed to buy probably already have, and before we know it, it's almost at 4000...

--- The current operating range for Ethereum is 3640-3730. As shown in the first chart, it is a fluctuating upward trend supported by an ascending trend line.

--- Box fluctuations can be used for high selling and low buying. It is important to note that if the box fluctuation breaks in a direction, one must follow the direction of the breakout.

The target for an upward breakout is 3830/3950; the target for a downward break is 3530.

--- Currently, there has been no significant breach of key support, so do not have a bearish outlook.

Overall, it is a triangular convergence structure, with support resonating with the ascending trend line around 92666.

Intra-day, 94800 serves as an important phase support, and 97600 as a key resistance level. After breaking through, aim for targets of 98700/99600.