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Currently, Ethereum has not been able to hold above the 3820 point on the hourly chart, and the trend shows a downward movement of the highs, indicating an increasing demand for pullback.
During the pullback process, it is important to focus on the support level of 3730 points. If this position is lost, we can further look at the trend line support at 3650 points.
For friends holding long positions, it is advisable to manage risk effectively. Those with short positions can continue to hold. There is data coming out tonight, so be mindful of market fluctuations. The live broadcast is about to start, and for more questions regarding the market, feel free to join the live chat!