Recently, the Ethereum market has shown positive signals. The 4-hour chart displays a "rising triangle" pattern, indicating that the price is gaining momentum. The pullback lows are consistently rising, frequently testing the upper boundary, reflecting strong buying support in the market. In terms of technical indicators, the MACD green bars are shortening, and the KDJ indicator is starting to turn upwards from the oversold area, all of which suggest that rebound momentum is building up.



From a cyclical perspective, significant rises may occur from October to December, potentially reaching historical highs again. In terms of market sentiment, net inflows of funds into Ethereum reached a historical high of $2.27 billion in July, reflecting investors' optimistic outlook on its prospects.

The current Ethereum price fluctuates around $3610, with short-term support at $3580. If it can break through the current resistance, there is hope for a short-term rise to $3820, while the long-term target points to $3950. However, investors should remain cautious, closely monitor market changes, and manage risks wisely.
ETH3.59%
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SocialFiQueenvip
· 13h ago
The triangle breakout is crucial.
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NotSatoshivip
· 08-06 18:50
The opportunity has arrived, it's time to enter a position.
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MultiSigFailMastervip
· 08-06 18:49
The bull market is about to arrive.
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OnchainGossipervip
· 08-06 18:36
Short positions come with the wind.
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HodlBelievervip
· 08-06 18:29
Controlling your position is the key.
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LootboxPhobiavip
· 08-06 18:23
Full Position All in, eating dirt.
View OriginalReply0
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