Recently, ETH has shown a one-sided pump trend after breaking through the pressure zone around 3730. From a technical perspective, the current situation shows a small cycle impacting the larger cycle. Based on the long positions trend of the larger cycle, the small cycle is gradually completing a moving average reversal, releasing positive signals.

The 30-minute chart has given a long position signal near 3656, with an approximate profit potential of 250 points. However, the 1-hour chart shows a high divergence, so caution is needed for a possible pullback.

It is worth noting that the 1-hour MACD continues to expand, and there has not yet been a clear pullback signal. The predicted rise limit of around 3880 reached around 6 AM yesterday, peaking at 3930, and then retreated to around 3900.

Next, the market focus will be on whether the short-term key resistance around 3895 can be effectively broken. If the breakout fails, attention can be paid to the pullback support levels of 3830-3740-3675. If these support levels hold, one can consider positioning long positions.

If the resistance level of 3895 is broken, the upper resistance area is between 4050-4120, and the intraday rise limit may reach around 4300.

On the contrary, if the pullback intensifies and the short-term key support around 3675 is broken, then the support area below is between 3520-3440, and the intraday drop limit may reach 3270.

Given the current market volatility, investors are advised to follow the trend and avoid blindly trying to catch the bottom or chase the highs. When entering key support or resistance areas, it is essential to wait for clear technical indicator signals, such as naked K, MACD, CCI, etc., before considering building positions in batches.

The Ethereum market is at a critical moment, and investors need to remain vigilant, closely monitor market trends, and manage risks appropriately.