ETH is about to enter the final rebound phase indicated by the wave theory.

So far, ETH has successfully broken through the key Fibonacci level of 0.618, specifically at 3865.4 points. The B wave rebound on the 4-hour chart has performed perfectly, highly aligning with market expectations. Influenced by the US stock market hitting record highs and BTC market dynamics, ETH did not directly enter the expected C wave adjustment, but instead adjusted within the Fibonacci range of 0.618 to 1.0, further validating the effectiveness of the B wave pattern and the complexity of the market.

In the short term, the 400 mark has become an important psychological integer level for ETH, and market participants should pay close attention to this.

According to the current chart analysis, ETH is steadily developing along a standard technical analysis pattern. Traders should closely monitor its subsequent movements to capture potential trading opportunities in a timely manner. However, it is important to emphasize that trading always involves risks, and any decisions should be based on thorough market analysis and personal risk tolerance, proceeding with caution.