This wave of Ethereum is clearly a consolidation after a strong rally.

After the price surged to around 3700, it remained flat, with a series of small bearish candles converging. The 4-hour Bollinger Bands are starting to narrow, disrupting the short-term bullish rhythm. The MACD indicator showing a death cross along with expanding green bars indicates there is still potential for further downside.

The key support below is around 3460, which coincides with the middle band of the Bollinger Bands and previous low support. If it can hold steady, there is hope for another rebound. However, if it breaks down, a short-term adjustment will begin, with a target for a retracement possibly around 3320.

Trading suggestion: Focus on short positions as the price rebounds to 3580-3620, with a stop loss if it breaks 3700; if it retraces to the 3460-3420 range, consider taking a light long position to bet on a rebound, while the conservative traders should wait for confirmation before acting. $ETH #ETH突破3600 #GENIUS稳定币法案 #加密立法新纪元 #特朗普施压鲍威尔 #上市公司加密储备战略