Ethereum medium to long-term single layout! The medium to long-term long position layout is between 3800 and 3850. In extreme cases, it may touch around 3500. The medium to long-term target is to break the historical high, with the first target taking profit at 4850 to 5000, which is a very critical resistance area.

If it breaks, then hold until the 5600 to 5800 area, which is also the Fibonacci 1.618 extension position.

The third target is around 6500, calculated based on the monthly MA120 moving average resistance level.

The ultimate target is around 7200, based on 1.5 times the historical highest point extension, which is also the CEM futures gap filling area! Take profit in batches according to the profit-taking targets!

Assuming Ethereum long positions are placed at 3800, if it rises above 4000, then move the stop loss up partially. 3500 is a potential extreme case, and it's also a reserved position for bottom warehouse! If it breaks below the 3500 position, there may be an extreme spike down to 34 points, but if it breaks 3450, strict stop loss must be enforced, with leverage adjustable between 10 to 20 times! The total position starts calculating from the top warehouse to the bottom warehouse, approximately one-third! Keep some funds for hedging to avoid black swan events!

Before reaching the designated area, try to focus on intraday swing trading as much as possible, as shown in the second image: