Evening analysis prediction as follows


The price has fluctuated significantly, rebounding after touching 3600 in the morning, currently around 3720; on the technical side, ETH is forming a range between 3673-3748 with consolidation, the 4-hour Bollinger Bands are narrowing, RSI is neutral, and the short-term direction awaits a breakout confirmation. Key support level, resistance at 3670-3750, if it loses 3600, it may test 3520, conversely, a breakout above 3750 may test above 3800.
Trading Strategy
Long position: If the price stabilizes after a pullback to the 3600-3634 range, you may enter a small long position, with a stop loss at 3560-3594 and a target of 3650-3700.
Short Position: If there is a rebound to 3700-3750 and it meets resistance, you can short it in the short term, with a stop loss at 3800 and a target of 3600-3550.
Pay attention to the opening of the US stock market in the evening and changes in market sentiment.
ETH-0.32%
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