ETH is currently recovering to the 3700 level, and I reminded everyone recently and yesterday that there is ample room for a rise, and it will still go higher over the weekend. The market recovering to the 3700 level is indeed somewhat unexpected, but it is also within reason. I have mentioned the 4000 level before; it is just a matter of time. So looking at it now? The weekend consolidation still provides a rise space of over 200 points, and the 4000 level is just a matter of higher trade volumes.

From the daily structure of Ethereum, it continues to show a series of rising candles, with prices indicating signs of catch-up. The K-line's operating range continues to push higher around the upper band. In such a quiet market environment over the weekend, it has not cooled down the recent bullish momentum of higher trade volumes. In this structure, there is no reason to chase short positions; any short-term pullback is merely a buildup for further higher trade volumes by the bulls. Looking at the four-hour chart, the five consecutive rising candles have raised the operating range near the upper band of the Bollinger Bands, with an overall stair-step upward structure. Each pullback after probing higher stabilizes at previous key resistance levels before pushing up again, leaving room for further higher trade volumes in the future. In the short term, watch the resistance levels at 3740-3850. It's worth noting that there has been some short-term probing higher, so pay attention to the strength of the pullback corrections.

ETH can be bought with light positions in the range of 3670-3700, focusing on around 3850. For the long term, enter at lower levels and continue to pay attention to above 4000. #BTC#