$ETH

From the weekly chart, ETH is definitely going to approach around 4200. In the previous two instances of such continuous strong rallies, it peaked at 4100. Once bitten, twice shy, but not thrice. This time, I believe it will definitely go above 4100, because many people will treat 4100 as strong resistance and short it, setting their stop-loss above 4100. Therefore, it is highly likely that we will see a new high and trigger a wave of liquidity for the bears. However, there is a potential risk that needs to be pointed out; it may happen or it may not. It is recommended to focus more on spot trading this week, or open positions gradually, rather than going all-in to prevent being wiped out in a single move.

#ETH