Current Technical Analysis:

🟩 1. Candle Analysis:

The current price has just pulled back from the high of $3794, with two consecutive small bearish candles, indicating that the upward momentum is beginning to weaken.

This area is close to the previous high, which presents some selling pressure, but there are no clear top signals yet.

2. MACD Analysis:

The MACD fast and slow lines are converging, and the momentum histogram is gradually shrinking, indicating that the trend is nearing a turning point (sign of a potential reversal), but a death cross has not yet occurred.

🟨 3. KDJ Analysis:

The K value has pulled back to around 70, dipping from the overbought region, indicating a short-term need for adjustment.

If the candle continues to weaken, it may form a top divergence + KDJ death cross, along with a simultaneous MACD death cross, increasing the likelihood of a stronger decline.

Conclusion: The current strategy is as follows:

Short-term Plan: Prefer to go long after a pullback, or follow the trend after a breakout.

📌 Direction One: If it does not break 3725, consider a short-term long.

Wait for ETH to pull back to the 3725-3735 area and stabilize before entering a short-term long for a rebound.

Stop Loss: 3715

Take Profit Target: 3800-3840

Direction Two: Enter long on a strong breakout above 3800.

If it directly breaks through the strong resistance zone of 3795-3800, wait for a pullback to confirm that it does not break 3800 before entering long.

Stop Loss: Below 3790

Take Profit Target: 3880-3920

Direction Three: Enter a short position after weakly breaking 3725.

If the market breaks down, falling below the support around 3720, and the rebound does not return, you can enter a short position in line with the trend.

Stop Loss: 3735

Take Profit Target: 3660-3620

✅ Summary of Recommendations:

Operation Type

Conditions

Entry Range

Stop Loss

Target

Short Long

Pullback does not break 3725

3725-3735

3715

3800-3840

Breakout Long

Stabilizes above 3800

Pullback near 3800

3790

3880-3920

Trend Short

Rebound does not return after breaking 3720

3710-3720

3735

3660-3620

Current advice is to wait and not to chase aggressively. The ideal operation points are to wait for a drop that does not break 3725 to go long; or to chase long after breaking 3800; or to wait for a break below 3720 and not rebound to short.

For reference only, detailed strategies will be published in the internal pool.