The four-hour level of Ethereum forms a double top in the short term, and the four-hour level of Ethereum shows signs of thorough weakening. The performance of Ethereum in this bull market is very unsatisfactory. Ethereum did not follow the footsteps of Bitcoin and broke through the new high. I personally think that Ethereum has missed the best time to pull the market. Only by patiently waiting for March next year, Ethereum will usher in a major upgrade. That will be the real opportunity for Ethereum.

At the four-hour level of Ethereum, there is a need for further retracement. I personally think that once Bitcoin retreats sharply, Ethereum will not be able to hold the $3,800 level in the short term. The $3,500 level below is a very important support for Ethereum. Everyone can pay close attention.

From the daily line, there is no middle positive line at the daily level of Ethereum, and it strongly repairs the downward killing of the big negative line at the daily level on December 10. The main institutional funds in the market have been hesitant at the $4,000-$4,200 level of Ethereum. Over and over again, it has declined again and again, and it has been exhausted three times. The daily level of Ethereum is also quite sluggish, and Ethereum is weak in the short term.

Pay close attention to the strong support of 3,500 USD on the daily level of Ethereum. I have repeatedly emphasized that the real opportunity for Ethereum is in March next year. As long as the daily level of Ethereum does not break through the 2,800 USD level below, the bullish trend of Ethereum will continue. After the adjustment and repair of Ethereum is completed, it will make a second effort to pull up the market strongly.