$ETH Technical Trend Viewpoint: Yesterday, Friday, the Ethereum rising trend slightly slowed down, with the highest price reaching 3674 and the lowest at 3458, closing at 3546, an increase of 2.01%【69.71 USD】. The daily line shows
A small bullish candle with a long upper shadow that is close to a shooting star but is not a peak signal;
On the technical side, the bulls maintain absolute strength and it is expected that after a consolidation at high levels, the trend will continue to rise;
The important short-term resistance is 3750-3800. If this resistance is effectively broken, it will test 4000-4100 upwards.
The operational idea is to maintain a bullish position;
Today, pay attention to the 1-hour cycle support at 3450-3500. If there is a clear pullback followed by a buying signal and combination, one can intervene
Bullish; target 3750-3800 with the stop loss placed below 3450.
The larger cycle shows bullish signals, mainly focusing on low longs.
