ETH continues to break upward with increased volume over the weekend. The intraday high tests the POC of the consolidation area at 4800 from 4 years ago.
A slight intraday pullback, and it continues to decline in a fluctuating downward manner at the hourly level.
Pay attention to the price performance at the two support levels of 4150/4050 during the pullback. There aren't many short-term profit-taking bulls, and there is still demand for outside capital to enter.
After the pullback ends, there is still momentum to continue pushing upward. Only 600 points of space remain to the historical high of 4800. For bulls in ETH, this is not a difficult task. The important thing is how it is achieved.
Upper pressure: 4308/4323/4360
Lower support: 4150/4099/4050/4000