ETH is indeed strong.

Recently, I haven't dared to short, not even a short position.

Currently, I'm analyzing ETH and predicting its future trend.

1. Short-term (1-2 weeks): The current price of $3859 is close to the resistance level, and technical indicators show increased selling pressure, suggesting a possible local peak. It is expected that ETH may pull back to the $3500-3600 range, with key support at $3500. If it breaks below $3500, it may further drop to $3200.

2. Medium-term (1-3 months): If ETF inflows continue, the development of L2 networks (such as Optimism, Arbitrum, etc.) goes smoothly, and the macro environment improves, ETH is expected to break through $4150, targeting $4500-5000. Optimistic predictions even mention reaching $7000 by 2025, but more favorable support is needed.

3. Long-term (end of 2025-2030): Based on institutional adoption and network upgrades, ETH may reach $7000 or higher (with predictions as high as $47000 by 2030), but macroeconomic risks should be taken into account.

Although I have been saying recently to reduce positions in ETH at $3800 in batches, looking at the weekly pattern, ETH has not peaked yet, and there may indeed be an opportunity to reach $5000. Let's buy on the pullback.