Wang Lu will analyze it for you as follows.


The current price of Ethereum is around $3820, recently driven by institutional accumulation (such as a $116 million long position from a whale) and inflows from ETFs, strongly breaking through 3530 with a target of $4000. The technical side shows an overbought RSI, and a short-term pullback to the 3700-3750 support range is possible, but the overall bullish trend remains unchanged.

Short-term trading strategy:
1. Long on pullback: If it stabilizes at 3750-3790, take a light long position, stop loss at 3700, target 3850-3900.
2. Shorting at high levels: If it rises to 3950-4000 and faces resistance, a small short position can be taken with a stop loss at 4050 and a target of 3800.
3. Strict risk control: Position ≤ 10%, avoid chasing up and down.
ETH0.65%
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