ETH Short-Term Trend Analysis and Forecast

Current Market Situation

According to the 1-hour chart, the ETH price is making a push towards $3950. Current price: $3685.63, relatively close to the target.

Technical Analysis

Price Trend

The recent price has significantly increased, forming a strong rebound trend. If the current upward momentum is maintained, it is expected to reach the target of $3950 today or tomorrow.

Liquidity Position

There is strong liquidity above the price, indicating that if there is a breakout above the $3950 area, there may encounter greater selling pressure. Additionally, as the target price approaches, ensure to observe market trading volume and price reactions.

Trading Strategy Recommendation

Short-Term Long

If the price breaks through and stabilizes above $3950, it is recommended to consider entering a long position. Set a stop-loss near the previous low to ensure risk control.

Target Setting

Once the price reaches $3950, observe the market reaction and adjust the take-profit position accordingly. Consider gradually taking profits, especially when encountering strong resistance.

Risk Management

Adopt a reasonable capital management strategy to avoid excessive leverage. Stay alert to market news and data to avoid price fluctuations due to unexpected events.

Summary

In the short term, ETH's focus is on $3950, and a breakout in price may bring further upward potential. It is essential to make decisions in conjunction with trading volume and market sentiment, maintaining flexibility and risk awareness.