Ethereum has shown strong performance recently, with the weekly chart displaying a rising trend for four consecutive weeks, and the most recent week saw an increase of over 30%. This strong momentum suggests that Ethereum may break through the key psychological level of $4000. However, investors also need to remain vigilant, as historical data indicates that a deep pullback often occurs after such a strong rise.



From the daily perspective, Ethereum has seen a continuous rise for eight days, demonstrating a strong pump momentum. In terms of technical indicators, the 30-day moving average on the daily chart shows a steep upward trend, and the MACD indicator continues to expand above the zero line, further confirming the current strong rise momentum.

Despite the overall positive trend, there remains a possibility of technical adjustments in the short term. The 1-2 hour level charts have shown signs of a top divergence, which may indicate a pullback in the short term. For investors looking to participate, attention can be paid to the EMA52 moving average on the 2-hour and 4-hour charts as potential support levels, located near 3545 and 3360, respectively.

On the resistance level, investors need to closely monitor the range of 3870-4100-4300, as this may become the main resistance at the daily level. Although there may be short-term adjustments, the overall trend still leans towards bullish. It is recommended that investors can gradually build positions near key support levels, while also closely watching the market's reaction as it approaches previous highs to guard against potential risks of a spike and pullback.

It is worth noting that although current market sentiment is optimistic, the cryptocurrency market has always been highly volatile. Investors should exercise caution when making any investment decisions and fully assess the risks involved. Furthermore, the future direction of the market may be influenced by various factors such as macroeconomic conditions and changes in regulatory policies, requiring investors to maintain ongoing attention and analysis.
ETH1.02%
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StakeOrRegretvip
· 07-22 13:48
All in and it's done.
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LightningClickervip
· 07-21 10:18
Is this the trend? Just holding it means profit.
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OfflineValidatorvip
· 07-21 03:49
Let's go with 5000 this time.
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NewDAOdreamervip
· 07-21 03:41
I have never sold my ETH.
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AgriBinkavip
· 07-21 03:37
congratulations to those who bought at a lower price
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MidnightGenesisvip
· 07-21 03:31
The monitoring shows that some long orders near 3870 have started to reduce position... a typical market maker selling signal.
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