#ETH🔥🔥🔥🔥🔥🔥 Market Interpretation

The current ETH/USDT weekly trend shows that the price has broken through the important resistance zone of the previous high of 4097 USD and is now above 4200 USD. This position is a historically significant neckline and is expected to turn into strong support after the breakout.

From a technical perspective, there has been a prolonged consolidation in the 2000-4100 USD range, and the current upward momentum is sufficient, fully opening up the space after the breakout. Based on Fibonacci extension levels, the first target is around 4850 USD (1.272 extension level).

If it can effectively break through, there will be a chance to reach around 5800 USD (1.618 extension level).

In terms of operations, pay attention to confirming support near the “4100” USD level on a pullback; if it does not break on the pullback, the upward momentum is likely to continue, and it is a good reference point for bullish positions.

Altcoin Perspective: If ETH maintains above 4100, the altcoin season will likely truly start, prioritizing strong altcoins with good structures or following breakouts on 4H/1D structures (spot trading recommended);

If it falls below 4000, this perspective is invalid!