From the perspective of higher-level indicators on daily and weekly charts, ETH is expected to continue rising and reach new highs next week. The 3-day MACD is accelerating upward, and the weekly MACD's upward momentum is also strengthening. The monthly level still shows a long-legged bullish candle, which is a typical bullish market trend.

Looking back at the end of July, the prediction that August would continue to rise was undoubtedly correct, with the main focus on long positions for two weeks in between. However, daily short-term defense should not be overlooked. I provide this almost every day, and it must be strictly enforced. The defensive positions, whether for stop-loss or reducing positions, are designed to avoid missing out while maintaining the potential for minimal losses. Therefore, to mitigate potential risks, the longer the bulls go up, the more they need to set stop-loss and take-profit levels, so they can confidently chase. After all, at prices above 4000, there are no retail investors buying ETH spot; the competition is undoubtedly in short to mid-term contracts.