According to the latest Technical Analysis, Ethereum (ETH) shows strong rising momentum. From the 4-hour Candlestick Chart, after a brief pullback, ETH gained solid support at a key support level and then exhibited a rapid Rebound, reaching a high of $4246 at one point. This trend fully reflects the strong buying power in the market, and the upward momentum remains sufficient.

From this trend, it can be inferred that ETH still has upward space in the short term. Considering the current market sentiment and technical factors, investors can pay attention to buying opportunities around the $3900 mark, with an upward target set in the range of $4250 to $4350.

However, investors should also be aware that the cryptocurrency market is highly volatile, and it is essential to be cautious when making investment decisions and to manage risks appropriately. At the same time, closely monitoring market trends and macroeconomic factors and adjusting investment strategies in a timely manner is also a wise choice.