Recently, Ethereum has also shown very strong performance. Below is my analysis.
From the daily chart, after two short-term pullbacks to MA30, ETH has shown signs of bouncing back, indicating that the MA30 level has provided strong support.
Currently, the K-line has returned to the middle position of the large bearish candlestick.
If this week's pullback does not fall below 3500, the correction will be basically complete, 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 3800 and below, as the opportunity is relatively good.
