$ETH Evening Thoughts:
The Fibonacci 1:1 upward target for Ethereum has been reached, and it is infinitely close to the Fibonacci 138.2 level. I can only say one thing, you are really tough, Ethereum.
Let's see if Ethereum can push a bit harder tonight to challenge the 1.618 position of 2904. If it can touch 2904, those who have longs at the bottom should take profit on most of their positions; don't wait for a pullback to see your profits evaporate, or you will regret it later.
Fluctuations are a healthy trend; a direct violent surge is like an adrenaline rush, and if it goes too far, it will collapse.
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Ethereum breaks through 2783 with volume on the right side, and if it breaks down 2771 with volume, go short on the right side. Pay attention to changes in volume and set your stop-loss wisely.
For the hourly level, if Ethereum breaks and holds above 2797, look upwards to 2836-2860.
At the 4-hour level, a breakdown below 2757 looks down to 2732-2702. As long as it does not break below 2702, the bullish trend at the 4-hour level remains very healthy.
Continuing to look at the chart: Ethereum's daily level has arrived at this key position again. Whether Ethereum can continue to take off depends on whether it can break through this box at the daily level. If it can break and hold above this daily box, then we can expect the trend on the left side of this breakthrough; if it cannot break through, it will continue to oscillate within this box. Please stay tuned, the meeting is adjourned.