Recently, the Ethereum market has shown remarkable technical performance. Analyzing the daily chart, the consecutive three trading days of rising candlestick patterns demonstrate strong upward momentum. It is noteworthy that the price has successfully broken through all significant moving average levels, re-entering the rise channel, and the overall trend resembles the classic V-shaped reversal pattern.

At the same time, the momentum indicator MACD has formed a golden cross below the zero line, which is usually seen as a potential signal for a rise. If the MACD can break through the zero line, it will further confirm a bullish market pattern. In this case, Ethereum is likely to start a new round of pump, with the next important target likely pointing to the resistance area around 4800 dollars.

Considering the current technical performance, it may be wise for investors holding Ethereum spot positions to remain patient and continue holding. However, investors still need to be cautious, closely monitor market changes, and manage risks appropriately. The cryptocurrency market is highly volatile, and any investment decision should be based on comprehensive analysis and individual risk tolerance.