Ethereum ETH Analysis: Sideways Consolidation at High Level of 3860, Brewing Big Moves?
Trend Structure: Sideways Consolidation at High Level, Obvious Main Force Control
Directional Judgment: Breakout Approaching, Beware of Bull and Bear Traps
Current Market Analysis
ETH has risen from 3540 all the way to above 3900 recently, with an overall increase of over 10%.
However, after touching the 3920 line, the bulls have obviously shown weakness, and the market has begun to enter a high-level sideways consolidation range.
Key Position Division
Strong Support Level: 3770~3800 (Previous Platform + 5-day Moving Average)
Upper Pressure Level: 3920~3960 (Important Breakthrough Point for Bulls)
Risk of Losing Position: 3740 (If the Break Goes Through, It Will Return to the Lower Edge of the Fluctuation)
Short-term Contract Ideas:
It is not suitable to blindly chase the rise at the current stage. It is recommended to use the strategy of range operation + quick in and quick out.
Range Trading: Buy low and sell high within 3780~3920, set stop profit and stop loss
If it breaks through 3960 and increases the volume, you can try to chase more and look at 4100
If it falls below 3770 and confirms the downward direction, consider shorting back to around 3620
Pay attention to the rhythm, keep the position light to prevent repeated fluctuations when the direction is unclear during the consolidation period!
Mid-term Spot Ideas:
High-level sideways consolidation = washing and accumulating momentum, callback is an opportunity.
For those who already have positions: it is not recommended to chase high, add positions and wait for the callback around 3700 to confirm support before replenishing
For those who are short of positions: wait and see, and confirm the breakthrough trend after standing firmly at 3960 before entering the market again
The main force's intention to consolidate above 3860 is obvious:
✅ Accumulation is not complete, and I am unwilling to quickly pull up to attract retail investors to follow suit
✅ Sideways consolidation and repeated "washing out of floating chips" to free up space for future pulls
✅ If the callback is not deep, it is the best "fake fall and real rise" ignition point
ETH consolidation = the critical point for choosing a direction
True breakthroughs often occur in the most dull moments
Be careful to step back to 3700 or even break down if it falls below 3770
Breaking through 3960 is the starting point of the next round of bull market!
Don't let the consolidation wear away your patience,
The real profit is often brewed in "silence"!
