ETH has once again reached a critical point, with a daily MA200 increase of 55% — 3840,

The next critical point corresponds to a 60% price level of 3970

The daily chart shows a collective rise; although the RSI has been above 70 in the overbought zone, the bottom divergence of the daily Bollinger Bands is not obvious, and the need for a pullback is not strong.

Let's first observe whether 3840 can break through and stabilize; theoretically, after ETH rises, it can oscillate at a high level and stabilize, which is more beneficial for altcoins!

Not saying that the XX season has arrived, but it is indeed a good thing to effectively activate the market, making it comfortable for both practitioners and traders!