ETH is currently listed at 2973 dollars, and the long positions are indeed aggressive this time.

Let's talk about that kick from last night. The price retraced to the 2800 level, dipping as low as 2761, just a little bit away from the Fibonacci 0.618 support at 2749. After stabilizing, it shot up directly, and the 3000 round number is about to be broken.

Looking at the daily chart, although the EMA15 is still pressing down on 3065 and the bears have not completely retreated, the MACD funding situation is holding up. If it can stabilize above 3000, and the DIF and DEA form a golden cross, the trend might change. Next, watch 3170 (where the Bollinger middle band and the 0.5 Fibonacci retracement overlap), this level is very crucial.

The four-hour level is even more exaggerated. The price has broken through EMA60 at 2970, and the upper Bollinger band at 2904 has been directly pierced, with the candlestick running outside the band. The overbought signal is already full. If 2950 can be maintained, the Bollinger bands will expand upwards, and the rate of increase may accelerate. MACD continues to expand, and DIF and DEA are approaching the zero axis, with long positions still fairly adequate.

However, I must remind you: the short-term has already been seriously overbought. After such a rapid rise, there is usually a sharp drop, and the volatility will be very intense, with the possibility of sudden big swings. Those with poor psychological endurance should participate with caution.

What to do in terms of operation? For those already in positions, you can continue to hold, with the first target at 3065 and the second target at 3170. For those who haven't entered the market, don't chase the highs, wait for a pullback near 2800 before making a decision.