Ethereum strengthened in tandem with the market at the beginning of the week, reaching a daily high of around 3170, continuing the recent clear upward momentum.
From the 4-hour chart, Ethereum is currently in a strong phase, but there is obvious technical resistance around 3180. Before effectively breaking through this resistance zone, the market may need a healthy pullback to consolidate.
It is recommended to go long around 3100 and 3080, with the initial target at 3180, and a breakout to look towards 3310.
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Ethereum strengthened in tandem with the market at the beginning of the week, reaching a daily high of around 3170, continuing the recent clear upward momentum.
From the 4-hour chart, Ethereum is currently in a strong phase, but there is obvious technical resistance around 3180. Before effectively breaking through this resistance zone, the market may need a healthy pullback to consolidate.
It is recommended to go long around 3100 and 3080, with the initial target at 3180, and a breakout to look towards 3310.