Recent data shows that Ethereum has demonstrated remarkable resilience lately. After finding support near $3750, this leading smart contracts platform has embarked on a new upward momentum. However, the market is not without challenges, as the $3850 to $3880 range still poses some resistance.

In terms of technical indicators, although the KDJ indicator shows a golden cross pattern, the trading volume is relatively weak, which may suggest limited upward momentum in the short term. It is noteworthy that a W-bottom pattern has started to appear on the hourly chart, which is often seen as a potential reversal signal.

From the intraday perspective, as long as the price does not fall below the key support level of 3750 USD, market participants can maintain an optimistic attitude towards a rebound. However, looking at the larger time frame, the pattern of rising and falling since the beginning of this week is still continuing.

Coinciding with the tenth anniversary of Ethereum's birth, will this milestone moment bring unexpected surprises to the market? Over the past decade, Ethereum has evolved from an innovative concept into a cornerstone of the blockchain industry, with its applications in decentralized finance (DeFi), non-fungible tokens (NFTs), and other areas deeply ingrained in people's minds.

As the Ethereum ecosystem continues to grow and technology upgrades persist, both investors and developers are closely monitoring the new opportunities that this important milestone may bring. Regardless of the short-term market trends, the long-term development prospects of Ethereum remain promising.