Looking again at the future trends of Ethereum.

First, let’s look at the monthly chart from large to small.

The monthly chart shows a large bullish candle. From the monthly perspective, after the bottom completed a continuous retest to confirm support, the market broke through. From the bottom around 2300 to the current 3700, it has taken a full 4 months. The closing of the monthly candle has shown a large bullish candle, and the overall closing price has an upward trend, indicating a bullish market without a doubt. However, one thing to note is that precisely because the price has risen too high, it has completely detached from the fundamental panel. The gap between the moving averages at various levels on the monthly chart is too large, and the market needs to correct.

Therefore, it is speculated that this month, namely December, will have significant fluctuations in both upward and downward positions. Simply put, there will be back-and-forth pinning of positions. It is basically unlikely to see a stable market after a second significant rise; it is more likely that there will be a drop after rising or a spike after dropping.

Looking at the weekly chart, it shows a bullish candle with no upper shadow, which is not a top signal, so there is a high probability of at least one more high point being challenged within the week. The key resistance levels to watch are 3900 and 4100, and I am optimistic about a pullback after the spike.

As for the daily chart, there isn’t much to pay attention to. The daily closes have been relatively weak over the past few days, and there isn’t a clear trend indicating a top during the upward oscillation.

In summary: Ethereum overall is also leaning bullish, but be cautious of potential pinning scenarios within the week or month. It leans towards going up first and then down. Key resistance levels to watch are 3900 and 4100. Key support levels to watch are 3350-3450 and 3100.