The start of the ETH market in 2026, with the 1-hour signal and the 4-hour upward trend forming a resonance, essentially left little time for many to react. Now the price has already broken above the previous high, and the real test has begun.

If you didn't catch this wave, there's no need to be too frustrated—ETH's main upward wave hasn't started yet, and chasing highs is something you need to think through carefully. The price has already touched the long-term moving average, and with a strong bullish candle combined with increased volume breaking through, the resistance at the 120 moving average is basically no longer holding back.

Next, keep a close eye on these levels: the 382 line at $3441, the 50 line at $3693, and the 618 line at $3946. Testing the 382 line is highly probable, and encountering resistance there followed by a pullback is not surprising.

But the real life-and-death zone is between the 50 and 618 lines. If a true breakthrough of the 618 occurs, the daily chart-level rebound wave will no longer be just a rebound— a downward wave would also be invalidated. At that point, be prepared with a different script, signaling the continuation of the bull market. There's still some time before reaching that point, but the key is that if it really gets to that stage, we will definitely catch the main upward wave. Right now, what we should be thinking about is how to respond to the end of the second rebound wave after resistance at high levels, and how to handle the third downward wave. The game ahead is getting more and more exciting.