ETH broke through and stabilized at 3500 in the evening, oscillating upwards, broke through 3700 in the early morning, pulled back near 3660, and is now rebounding in steps, currently running around 3680.



The short-term market trend is biased upwards, with a pullback and consolidation after approaching the previous resistance level at a high. If it stabilizes and breaks through again, it is expected to reach 3800. The Bollinger Bands on the short cycle hourly chart are narrowing, and the market is adjusting under pressure at the middle-upper band. Although the upward momentum is weakening, it is still possible to go long at a high position. Pay attention to the resistance levels at 3760 and 3800, with support at 3480.

3750 short, target 3500
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