ETH chart analysis, due to the rapid pump in the past few days, there are many areas where ETH has not been sufficiently traded, so the support is hard at the places where trading was insufficient. The market took this opportunity to clear leverage, and two panic dumpings directly hit the long positions' first defense line at 4370 (Monday's high), which has been tested multiple times without breaking. Additionally, in the previous balance area (4160-4330), there is an attempt to build a bottom in this imbalanced area (4370-4490), but the liquidity over the weekend is relatively low. Whether sufficient trading can be completed to build a bottom in this area still needs further observation. If this position holds, it will continue to move upwards.

If the market returns to around 4370 again, pay attention to whether there is a quick price action of pin bar recovery in the 4370-4330 range. If there is no reaction in this range, it is highly likely that it will go down to test 4160.
Structurally speaking, a pullback to 3940 is quite normal, but I believe that a strong breakthrough market will not have a perfect pullback. If you have an ETH, you can sell at 4800, but would you sell at 4100? The upward continuation in the range of 4160-4330 indicates that no one is willing to sell at 4160. You should know that these people may have just entered the market after breaking through 4k, and some short-term holders might not be able to hold on and want to sell. Therefore, the market experiences a period of consolidation instead of a drop, completing sufficient turnover in this area, which indicates a relatively strong market. A normal market would break through and then pull back.
Give the brothers who can't hold on a little faith in recharging, that's all, there's no need for so much analysis, as long as you're not using high leverage, this wave of going long is a hundred percent to benefit.