#ETH

The weekly RSI has entered the overbought zone, and there is a high probability that the weekly RSI will move upwards historically.

The daily RSI has also entered the overbought zone, forming doji candles multiple times, with a tug-of-war between bulls and bears.

On the right side, do not consider entering the market now; wait for a breakthrough at the critical level of 4000, and then consider entering once effective support is established.

On the left side, enter directly; the 60 EMA on the four-hour chart serves as effective support. The critical level of 4000 has accumulated too much buying and selling pressure, and a breakout will require significant energy. The price increase is also substantial, making the left side worth it. Set the risk-reward ratio at 3. Place the stop loss below 3680.

A weak drop below 3680 will lead to a test of the 120 EMA on the four-hour chart (3500).