This week, the Ethereum market shows positive signals. On the weekly chart, a strong bullish line has broken through last week's bearish line, indicating that the previous downtrend has been reversed. The price has stabilized and rebounded near the MA30 line and key support level, highlighting the importance of this area.

In the short term, Ethereum is expected to continue to rise. The key goal is to stabilize and break through the $200 mark, which will lay the foundation for further increases. If the market environment remains favorable, the medium-term target range may be between $230 and $240.

On the daily chart, the five consecutive bullish lines pattern is accompanied by gradually increasing trading volume. The MACD indicator has broken through the zero line to form a golden cross, and the price has returned above the MA30 line. These technical indicators all suggest that the upward trend at the daily level is still continuing, with further upward momentum possible.

Currently, Ethereum is operating under the support of moving averages across multiple time frames, including the monthly MA30 and EMA52, weekly MA30, and shorter-term moving averages. Although the trend is not perfect, short-term buying opportunities can still be sought near the EMA52 line on the 2-4-6-8 hour charts.

Investors should pay attention to key resistance levels such as 193-210-220 USD, while also keeping an eye on support levels like 176-167-158-145-136 USD. The market is expected to experience accelerated growth, at which point a staggered profit-taking strategy could be considered. However, it should be noted that the performance of Ethereum may be influenced by Bitcoin's performance, so it's important to closely monitor the overall trends in the cryptocurrency market.