$ETH
The market in the past three days has shown an emotional response of fear of missing out (FOMO) among bulls, as well as a sense of panic about chasing high prices on Ethereum. Therefore, after hitting the weekly trendline resistance last night, it began to pull back.
Currently, the pullback is not significant; it dropped about $200 from the high near $3680, just taking away the high leverage from those chasing highs.
Over the weekend, we need to pay attention to the support situation of Bitcoin in the 116000 area. If Bitcoin breaks down and tests the critical support zone of 113000-114000, then Ethereum may experience a sharp drop. The first support area below is 3360-3390, with the key support zone at 3150-3180.
Short-term resistance is at 3620-3640.
