Recently, the Ethereum market has performed strongly, demonstrating a robust rise. From a Technical Analysis perspective, multiple indicators are showing positive signals. The moving average system is in a long positions arrangement, indicating the strong characteristics of the current market. Meanwhile, the MACD indicator has a golden cross pattern moving upwards, further confirming the existence of upward momentum.

Behind this wave of pump, the continuous development of the Ethereum ecosystem plays an indispensable role. With the continuous emergence of various innovative applications, the practical application value of Ethereum is becoming increasingly prominent, attracting more attention from investors and developers.

If no major negative events occur, Ethereum is likely to continue its current rise. The market generally expects Ethereum to break through its historical high, bringing new opportunities for investors.

For short-term traders, it is important to closely monitor the key price range of $3800 to $3820. If there is an effective breakout above the $3900 level, it could open up further room for rise. However, investors also need to remain vigilant and implement risk management to cope with potential pullbacks.

Overall, the current trend of Ethereum is encouraging, but investors should still operate cautiously and manage their positions wisely to balance potential returns and risks.