#以太坊突破3800
To put it simply, the market is currently in a consolidation range around 11800 for Bitcoin. There are signs of stabilization on the 4-hour chart, but the daily chart's adjustment is not sufficient yet, leading to a disconnection between the smaller and larger timeframes, making the market appear somewhat complex. Generally, smaller timeframes follow larger ones, so we can assume that the adjustment (at least the consolidation) will continue, with the pullback level unchanged, still looking at around 115000. This will also be a dividing line for the short-term trend, so pay extra attention!
Ethereum continues to maintain its strength, moving towards the anticipated pressure level of 4000. The daily chart shows a steep trend and is in an acceleration phase, far from the moving averages. It is expected that once it enters the 3940-4000 range, the pressure will be substantial, and the probability of a pullback will increase significantly. However, one thing to note is that if we choose to trade within this range, we must keep a close eye on the 4000 level, as this critical resistance point, if easily breached and stabilized, indicates that the bulls are determined this time. We can only follow the trend, reclaim our positions, and continue to aim higher, possibly reaching 4150, or even testing historical highs! If Ethereum pulls back, the initial support to watch is around 3620. The interest in altcoins aligns with previous assessments, still gaining momentum, and there is overall potential worth looking forward to!
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