Currently, the ETH price is around 3740. From the 15-minute candlestick chart, the price is running just below the upper Bollinger Band, showing a high-level oscillation pattern in the short term. In this situation, the strength of the pullback and the effectiveness of key support have become the focus of the market.
The middle line of the Bollinger Band is at the 3700 position, which serves as the dividing line between bulls and bears in the short term. If the price can stabilize above 3700, the upward structure is expected to continue; the lower line of the Bollinger Band at 3640 acts as a short-term support level. If the price pulls back to this range, we can observe the strength of bullish support to assess the market's willingness to go long.
Operational suggestion: When the price falls to the 3700 range, a small long position can be established. The target is set at 3800; if the price strongly breaks through 3800, we can further look towards 3850 to capture more upward profits. #以太坊突破3700 $ETH