The latest Ethereum market analysis shows that the long positions rebound has been confirmed. Currently, ETH price is steadily holding above the VWAP and the 21-day moving average, which lays the foundation for further pump.

In the short term, ETH shows a slight bull market trend. On the 1-hour chart, the price has already broken through the 9-day and 21-day moving averages, with momentum continuing to strengthen. If it can break through the resistance level of $3776, it will open up space for further pumping. It is recommended that investors buy on dips in the range of $3720-$3688, while setting the stop-loss below $3584.

The medium-term outlook is also optimistic. The 4-hour chart shows that ETH has held above multiple moving averages, but the 200-day moving average still poses some pressure. On the daily level, all moving averages are in a bullish arrangement, and the MACD indicator continues to strengthen, all of which indicate the continuation of the upward trend.

However, investors should remain cautious. Although the overall trend is positive, one should not blindly chase high prices. It is recommended to build positions in batches during pullbacks and pay attention to the breakout of key resistance levels such as $4076 and $4396. At the same time, closely monitor overbought indicators and changes in trading volume to avoid chasing high prices after a rapid rise.

Overall, the current ETH market shows positive signals, but investors need to establish strict risk management strategies. While being optimistic about the long-term prospects, one should also remain vigilant about short-term correction risks. The $4000 mark may become the next important psychological barrier, and breaking through this level could trigger a new round of pump momentum.