$ETH Live market analysis pressure is truly high.

Ethereum has reached the upper boundary of a wide fluctuation!

---3880/3940 has previously experienced continuous pressure and retracement, ultimately becoming the starting point for a phase of decline, so this point is extremely important. (Yesterday's left-side short positions need to be stopped out in time)

---The good news is that after touching this level, there was no rapid retracement, and a breakout is expected.

---The major target after breaking 3940 is 4090, which is also an ultimate strong resistance on the daily chart!

---Since the price has already reached the upper boundary, I maintain yesterday's viewpoint; I don't really want to chase longs and need to wait for a breakout or a retracement.

---If the price breaks below 3880, it will be an opportunity for a right-side short.

---The lower level of 3725 may become a support-resistance exchange point, so keep an eye on it.