The market trend of Ethereum yesterday once again confirmed the importance of Technical Analysis. After the price broke through the important resistance level of 3600 USD, it continued to show a pump trend. Currently, Ethereum is approaching two key resistance levels: 3750 USD and 3840 USD. These two price points correspond to important selling points from the previous period.

If Ethereum can break through these two resistance levels, the likelihood of surpassing the $4000 mark will greatly increase. However, considering the complexity of the market, this process may not be smooth sailing.

For traders, it may be worth considering establishing long positions around the 3680-3690 dollar range. The initial target can be set in the 3740-3760 dollar range. If this range is broken, the next target could be looking towards 3790-3810 dollars. However, if it fails to break through, one should also be wary of a possible pullback.

It is worth noting that the trend of Ethereum is not only influenced by technical factors but is also closely related to the overall rebound trend of the cryptocurrency market. Investors should consider multiple factors comprehensively when making decisions and always maintain a cautious attitude.