$ETH This wave has successfully broken out of the flag consolidation area. From the current trend, it can basically be confirmed as a genuine breakout, with sufficient strength. My short-term target will focus on the 4000-4100 range, particularly around 4040. The expected high point may reach around 4150, and once it enters this range, there is a high probability of a pullback, with the pullback target possibly around 3650, but it may not reach such a low position.
The key point is that after a deep washout in the past few years, most of the ETH cost is concentrated below 2500, with the rest mainly distributed in the 3000-4000 range. Once Ethereum truly stabilizes at 4000, the vast majority of people in the market will be in a profit state, forming a unified expectation, which can easily trigger accelerated upward movement.
Moreover, from an overall structural perspective, the upcoming phase is likely to be the most frenzied wave at the end of the bull market, often referred to as the "bull tail market."