#BTC重返10万 #ETH

Today's ETH Trend Analysis:

ETH attempted to break through the upper resistance around the $3,700~$3,720 position last night. After a brief breakout, it quickly pulled back for consolidation. This brief breakout caused a liquidation volume of 5M for long positions and 3.4M for short positions, totaling about 8.5M in liquidations.

Currently, with the price at $3,700, the pressure for liquidating short positions is not strong. It is expected that the price may first move downwards to entice short positions before making another upward surge. $ETH