$ETH has been rising continuously recently, now directly rushing to over 3600, many people are asking if it will directly rise to 4000 or even break the historical high?

If there are friends who have been chasing high in the 3400-3500 USD range, it is recommended to reduce your position, protect your cost before trying for higher positions, don’t wait for a sudden 200 USD pullback that could break your mindset.

Ethereum's daily line has been rising for 6 consecutive days, and the weekly line has also risen for 3 consecutive weeks, this week is not over yet, not sure what the final result will be.

Now the Federal Reserve has not started to release a lot of money, and Ethereum is rising like this. If it really releases money later, wouldn't it go crazy? However, my personal view is that this wave of rising is more like making up for the increase when Bitcoin broke 110,000 USD. If Ethereum doesn't rise, no one will play anymore.

I don’t believe that Ethereum can directly break the previous high without the Federal Reserve releasing money.

If it stabilizes at 3635 USD, look up to 3678-3713 USD; if it breaks below 3577 USD on the 4-hour level and doesn’t recover in time, Ethereum may need to undergo a correction.

As long as it doesn’t break below the drawn price channel on the hourly level, and doesn’t fall back into the previous range, Ethereum will fluctuate around the upper and lower boundaries of this channel.

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