Ethereum (ETH) has recently shown strong performance, exhibiting significant upward momentum. After a brief pullback to $3677, the price of ETH quickly rebounded and is currently stabilizing around $3850.

During this wave of rising market, ETH successfully broke through the 25-day and 99-day moving averages, indicating an increase in market confidence. It is worth noting that the trading volume was low during the pullback, which may suggest that the bullish trend is likely to continue.

Currently, $3840 has become a key support level, while $3900 is the resistance level to be broken. For investors who already hold ETH, as long as the price remains above $3840, they can continue to maintain an optimistic outlook. For investors looking to enter the market, they can consider buying when the price pulls back to $3800, or wait for the price to break through $3900 for a clearer bullish signal.

If the current strong momentum can be sustained, Ethereum is expected to challenge the $4100 mark or even higher. However, investors should remain cautious, closely monitor market trends, and manage their risks.

The cryptocurrency market is changing rapidly, and this surge in Ethereum has injected new vitality into the entire market. However, we must also recognize that the volatility of the market remains significant, and investment decisions should be based on thorough research and rational analysis.