December 10th, I talked about the expectation of Ethereum having 5 waves of upward movement. I wonder if everyone has kept up? Those who have kept up have already made a profit of 200 points. What should Ethereum do next?

Referring to the 1-day trend, Ethereum is still experiencing a volatile upward movement, with the Bollinger Bands opening parallel upwards. The price is currently running above the middle band, so it is quite clear that it is still in a bullish trend. The price is under pressure from the previous high points, and there has been a pullback. Additionally, in conjunction with the MACD, the momentum bars have diverged, indicating a reduction in the momentum of the price increase. There is an expectation of a pullback.

Looking at the 4-hour level for pullbacks to find buying points, the 3900 range is also the area with the highest trading density. The price may pull back to the 3900 area before rebounding and challenging the previous high point of 4060.