ETH Market Analysis
Currently, ETH is oscillating in the range of $3500 to $3600, showing a strong trend, but there is obvious pressure above.
Upper pressure level: around $3630
The dense liquidation orders in the chart indicate that many people have leveraged their positions. If the market maker pushes to this level, it is likely to trigger a wave of liquidations and counterattacks. To rise, it must strongly break through this range.
Lower support level: near $3450
Before dropping to this level, there were clear signs of a stop-loss rebound, and it is also a short-term buy-in line.
Current sentiment is cautious
There are no extreme fluctuations, and the main force tends to pull up the market in a "boiling frog" manner, with a high possibility of inducing shorts before pulling up.
ETH is currently in an oscillating upward channel, aiming for $3650 above and holding $3450 below. A short-term pullback is a buying opportunity, and the key is whether it can break through $3650 with volume.
$ETH
