Is ETH's Weekly Bullish Target 4200? Beware of Potential Risks!
From a weekly perspective, ETH's strong rally is likely heading towards around 4200. The previous two similar consecutive surges peaked around 4100, but 'third time's the charm'—this time it may very well break through 4100, or even reach a new high.
The logic is simple: many short positions will view 4100 as a strong resistance level, placing their stop-losses above 4100. The main players are likely to break through 4100, triggering the liquidity of short positions before pulling back.
However, be cautious of risks:
If the breakout fails, a rapid pullback may occur.
It is recommended to focus on spot trading this week and to open positions gradually in contracts to avoid being wiped out in one go.
In summary: the trend is bullish, but ensure proper risk management, don't fall before the dawn!
