Latest analysis of Ethereum, the four-hour moving averages are densely packed (indicators are 20/60/120), redraw a Fibonacci retracement, around 4070 is 0.5, if it stabilizes at 0.618, i.e., 4242, enter to go long. Whether opening a position or rolling over to add to a position, make sure to stabilize before taking action; do not chase, just set pending orders at the price level and wait. There will definitely be multiple retests of resistance and support.

Here, the subjective judgment is that the pullback has ended, and the daily 20 moving average has not been broken on the retest, making it a perfect time to open a position, similar to the pullback around 3400, which is also a daily retest of the 20 moving average.

To be cautious, you can wait for the four-hour moving averages or the one-hour dense area before opening a position. In the future, avoid taking trades on the left side too often, as it is too easy to hit stop losses. Once the trend is established, entering on the right side can actually yield over 90%, reducing frequent operations.