ETH Ethereum Market Analysis:
Ethereum is currently in a bullish dominant pattern across all levels.
In today's market evolution, the key level of 3856 is worth focusing on.
As long as the price does not drop below this level, all levels will continue to maintain a bullish stance, and it is expected to continue rising upward. The targets and resistance levels above are located near the key points of 3947, 4000, and 4047.
However, if the price unfortunately drops below the level of 3856 today, then the 1-hour, 2-hour, and 4-hour levels will initiate a pullback process.
At that time, the support levels to watch below are near 3824, 3778, and 3736. The market trend of Ethereum will also face important turning points and trend changes from this point, and investors should evaluate and adjust their investment strategies and positions accordingly.