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Ethereum's latest price is 3335, and during the early hours Beijing time, the market still maintains support at 3250. Recent market movements are indeed testing patience—while the trend is clearly upward, the order book is still repeatedly testing chips. Based on historical experience, the main force is likely to first induce a sharp dip to trap sellers, then initiate a unilateral rally.
From the daily K-line chart, the EMA trend indicator is about to break through the key level of 3170. Once broken, a strong phase will begin. This week's focus is whether it can reach the 3590 level at the 0.382 Fibonacci retracement line. The key depends on how much selling volume remains at the previous high of 3400. The MACD is continuously expanding upward, with DIF and DEA already diverging above the zero line. The upper band of the Bollinger Bands is at 3415—northbound direction remains unchanged.
The four-hour chart looks even more promising. A standard ascending flag pattern has formed, with support at 3287 and resistance at the previous high of 3400. MACD is decreasing in size, with DIF and DEA contracting above the zero line, and a golden cross is already emerging. The resistance at the upper Bollinger Band is at 3342. If the price pulls further upward and breaks through the upper band, causing the Bollinger Bands to open, combined with the MACD golden cross, the northbound move will be confirmed.
Short-term operational reference: if the support at 3250-3200 holds, it is valid support with a stop loss of 40 points, targeting 3300-3400, and a break below to 3450. If resistance at 3350-3400 is encountered and the price moves south, stop loss at 40 points, targeting 3300-3250, and a break below to 3200.
Real-time market data shall prevail. This article is for reference only; please trade at your own risk.