Overall Analysis

Recent price trends show that the market is overall in an upward trend, but the momentum is currently slowing, with prices oscillating at high levels. The bulls still hold an advantage, but there may be adjustment pressure in the short term.

In the short term, there is some risk of market correction. Based on the K-line pattern's top formation and the weakening momentum of the MACD, there may be a need to test support levels in the short term, and the price trend may approach the middle band of the Bollinger Bands. Additionally, the resistance level of 3857.82 exerts pressure on further price increases.

Recommendation:

If you already have a position, it is recommended to set a profit target or gradually reduce your position to protect existing gains. At the same time, pay attention to the price performance near the support level of 3491.07. If the price stabilizes, this area may become an opportunity to re-enter the market.

If you have no position, it is recommended to wait for the market to correct near key support levels before considering buying, and to confirm the end of the correction with subsequent K-line trends before entering.

Short-term investors need to closely monitor market volatility and the adjustments of the Bollinger Bands' middle line. If there is an effective breakthrough at the resistance level of 3857.82, it may be worth attempting to follow up in the short term.

Technical Analysis

K-line Pattern: Recently, a 'Red Three Soldiers' pattern has appeared, confirming the short-term bullish advantage; subsequently, a 'Top Formation' has appeared, indicating possible correction risk.

BOLL: The current price is near the upper band, showing a strong upward trend, but the high-level oscillation and volatility may increase.

MACD: Clear bullish arrangement, red bars are expanding, but the DIFF and DEA opening is narrowing, indicating possible adjustment pressure.

$ETH Strategy

Recommendation:

Short near 3790, position 3730-3750

Stop loss at 3800; if it breaks down, continue to probe towards 3700

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