Ethereum's exchange rate made a false breakthrough last Friday, but it did not break below the first support level of 1765 that we discussed over the past half month. It tested 1765 a total of 6 times, each time rebounding, and today it even rose to over 1900. However, I am not satisfied because it did not reach the first resistance level of 1940 mentioned by Sam last week, making it relatively weaker compared to Bitcoin.

1765 is still the support for Ethereum, and the trend line serves as Ethereum's upward trend line. When it was at 1600, Sam mentioned that Ethereum had reversed in the long term. My target for spot trading is for Ethereum to reach 2500 at the latest by the day before the Spring Festival in 2026. In the meantime, short-term contracts will require daily analysis for entry points.