With such strong momentum, are you ready to welcome 4000 of $ETH ?
Personally, I think the probability of continuing to rise today is high, as both the moving averages and RSI support the bulls! It shows strong bullish momentum, breaking through the upper Bollinger Band, with strong upward momentum.
However, there is a need for a short-term pullback, as the daily line shows a evening star, and it is being pressed against the upper band. If it pulls back below 3860 during the day, forming a double top, it is likely to reach the range of 3720 - 3750 in the short term.
If it breaks through the previous high with volume and tests 4000, it may continue to rise. If it gets blocked by resistance and falls back, as long as it doesn't break the middle band, the bullish trend remains, and you can still wait for a support position to enter! If it breaks the middle band, it may enter a correction.
The idea is clear: if it tests 4000 without an effective breakthrough and without a large volume, short around 3950-3980, targeting 3800-3850, and if it breaks, look at 3810-3780.
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