Ethereum has shown strong performance recently, with the price reaching a high of $4026, attracting market attention. As of 2:30 AM Beijing time, the ETH price is $3990, demonstrating strong momentum after breaking through the key resistance level of $3900. However, near the $4000 integer level, the market may face multiple resistances.

From a technical perspective, the daily chart shows that ETH has risen above the EMA120 moving average ($3869), returning to an uptrend. In the short term, $4022 and $4080 will become important resistance levels. The MACD indicator shows that momentum has weakened, with the DIF and DEA lines converging. In terms of the Bollinger Bands, ETH has moved away from the lower band at $3645, and the upper band at $4208 is worth following.

The four-hour chart shows that ETH is challenging the EMA60 moving average ($4017), with the next resistance level at $4077. The MACD indicator continues to expand, with the DIF and DEA lines diverging. It is noteworthy that the candlestick has broken through the upper Bollinger Band ($3994), suggesting that the short-term may enter the overbought zone, and the upside potential may be limited.

For short-term traders, the current market presents both opportunities and risks. Long positions can focus on the 3850-3800 USD range as a potential buying point, with a stop loss set 50 points below 3750 USD, and a target level looking towards 3900-3950 USD. If broken, one can expect 4000-4050 USD. Short positions can pay attention to the 4050-4100 USD range as a potential shorting opportunity, with a defense level at 4150 USD, a stop loss of 50 points, and a target level referencing 4000-3950 USD. If broken, one can look down to 3900-3850 USD.

It is important to emphasize that the cryptocurrency market is highly volatile, and investors should operate with caution and strictly implement risk management strategies. In actual trading, strategies should be flexibly adjusted based on real-time market data, and one should never blindly chase rises or sell on dips.
$ETH