Ether is breaking through, aiming for 4100. If it can't hold 41, it will drop to 3900. Bulls chasing long positions should be cautious!
Ether is pulling back after reaching the previous high. Both the daily and weekly charts look bullish, but the monthly chart hasn't closed yet, so we need to keep an eye on it. We only need to monitor the reversal signals on the 1-hour and hourly charts. If the signals appear, we can enter a portion of the position.
From the current decline, it appears to be a pullback in a larger cycle, but if it drops too sharply, it may lead to a continuation of bearish trends in a smaller cycle rather than a pullback. Everyone should be aware of this; it's advisable to follow the trend and take short positions in the smaller cycle. If it develops into a sideways trend, then waiting for it to break out of the sideways movement before proceeding is the safest approach.