Ethereum market analysis for the evening of Thursday, 8.7

Afternoon market review: Bitcoin started a volatile upward movement from around 114240, reaching a peak of 116749. Ethereum followed Bitcoin's lead, rebounding strongly from a low of 3646 and soaring to a high of 3841. Our bullish strategy this afternoon once again accurately captured the market.

From the current market perspective, the recent trend shows a clear characteristic of stepwise upward fluctuations. The market initially made a moderate volume increase, breaking through the previous key resistance levels, and then underwent a technical correction, but the support below is quite strong. Observing the candlestick patterns, each ascending step is accompanied by gradually enlarging bullish candlestick bodies, while corrections are mostly characterized by shrinking doji or small bearish candlesticks, which not only avoid short-term overbought risks but also maintain the integrity of the overall upward trend. Currently, the Bollinger Bands are opening upwards, with the middle band providing effective support for the price, remaining bullish for the evening.

Operation Suggestions:
Ethereum: Long around 3810 - 3790.
The target is looking at 3900-3950