Currently, after the consolidation over the weekend, the trend on Monday is relatively straightforward. During the low liquidity phase over the weekend, Ethereum effectively broke through and stabilized at the 4000 position. Currently, from a four-hour structure perspective, the price has broken the multi-day converging triangle structure after surpassing the 4k position. If the trend maintains above 4k in the evening, there is a high probability that this rebound opportunity will continue. However, also be cautious of the impact of the market in the evening.
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Currently, after the consolidation over the weekend, the trend on Monday is relatively straightforward. During the low liquidity phase over the weekend, Ethereum effectively broke through and stabilized at the 4000 position. Currently, from a four-hour structure perspective, the price has broken the multi-day converging triangle structure after surpassing the 4k position. If the trend maintains above 4k in the evening, there is a high probability that this rebound opportunity will continue. However, also be cautious of the impact of the market in the evening.
Ethereum: 4034 high, looking at 4114. Defend 40 points.
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