There is no holy grail in the contract market, only probabilities. The difference between top traders and gamblers is that the former treat every candlestick as a psychological specimen — they know that when the lower shadow pierces the Bollinger Band, human nature will collapse 0.3 seconds faster than technical indicators. Remember: volatility is the breath of price, oscillation is the false death of trends, and all perfect patterns are born in the deep night when most people give up watching the market. Looking back at last night's Ethereum market, Ethereum formed a three-pin bottoming structure near 3365 last night, quickly rebounding after confirming short-term support. However, it should be noted that this wave of upward movement is more of a catch-up nature; although the momentum is strong, its sustainability is questionable. Today, after reaching a high of 3524, it failed to hold and has currently fallen back to around 3468, showing signs of stagnation, indicating a short-term need for a pullback.

From a technical perspective, the 4-hour RSI has entered the overbought region, and the MACD momentum bars are starting to shrink, indicating that the bullish strength is weakening. In addition, the 3520-3550 range is a previous area of concentrated trading, which has strong selling pressure. If the price cannot effectively break through this resistance, it may retest the 3365 support again. Short-term traders can pay attention to the rebound strength in the 3460-3480 area; if it cannot hold, it may test the 3400 or even 3365 support downwards. $ETH #美国加密周

Operational advice:

Aggressive traders can try to short lightly near 3480-3500, with a stop loss above 3530, targeting 3400-3365. If it breaks directly below 3460, they can follow up with a short position, but need to be aware of the rebound risk at the 3365 support level. Bulls should wait for stabilization near 3365 after a pullback before considering entry, to avoid chasing highs.