#ETH Market Analysis, Strong Breakthrough at 3800
Current trend is generally strong, with prices continuing to rise.
Currently fluctuating around 3837, facing some resistance, with a risk of pullback.
Technical Analysis
MACD: Bullish trend still exists, but momentum is weakening, short-term may experience fluctuations or slight pullback.
RSI: 4-hour RSI = 79, overbought, short-term may have a pullback possibility.
Daily RSI = 82, indicating that the overall market is still strong.
EMA Moving Averages: Price is above EMA7, EMA30, EMA120, which is a healthy arrangement.
EMA7 (3760) is a key short-term support, which can be monitored as a defensive position.
Volume Situation: Daily trading volume is decreasing, indicating that funds are gradually reducing during the rise, which needs attention. 4-hour cycle shows increasing volume, indicating that short-term bulls still have the advantage.
ETH is slightly strong in the short term, but close to the high point area, it is advised not to chase blindly. It is better to wait for a pullback to support before entering, and pay attention to position control and set stop-loss.
$ETH
