Recently, Ethereum has also shown very strong performance, below is my analysis.
From the daily trend, ETH has shown signs of bottoming out and rebounding after two pullbacks to MA30 in the short term, indicating that the MA30 level has played a strong support role.
Currently, the candlestick has returned to the middle position of the large bearish candle.
If this week's pullback does not drop below the previous low of 3500, then the correction will be basically completed, and the market is expected to continue upward, breaking through the 4000 USD mark.
Once it breaks through 4000, it is expected to stabilize in that area. Therefore, it is recommended to pay attention to ETH around and below 3800, as the opportunity is relatively good.
