#EthereumSurge
$ETH 3-day chart mid-term trend selection, next week 3-5 is a key node, potentially a false breakout.
#EthereumContract 3-day trend review:
1: 2024-End of September
After forming at $2250, it started to rebound to a high of $4120.
2: 2025-Mid-April
Bottoming out at $1580, it started to reverse, first reaching $2880, then retracing to $2150 before continuing to rise to $4950.
3: 2025-Mid-December
After confirming the trend, it will need time to oscillate in the $3050 range.
However, if it chooses to break out, it will likely be a false breakout.
Recently, Ethereum ETF market funds have flowed in, with 1011 whales holding 5x leverage in Ethereum. This is the first retracement and stabilization after breaking through $3050 before it can fly higher. I have already started to buy back my spot position.