Monday's morning sun not only illuminates a new day but also brings a brand new opportunity canvas to the cryptocurrency market. Last night's market fluctuations were not a storm, but rather an accumulation of energy before dawn—every price movement is weaving a wealth story for the brave. Remember, true winners understand: market fluctuations are a touchstone for testing patience, and candlestick movements are a training ground for honing vision. Let us embrace the first trading day of this week with a zeroed mindset, replacing anxiety with rationality and overcoming fluctuations with strategy. At $ETH #以太坊突破3700 , Ethereum precisely touched our predicted resistance level of 3820 last night and then retreated as expected, with the morning's low dipping to 3700, perfectly fulfilling yesterday's "high position short" strategy. The current coin price has weakly rebounded to around 3710, with market sentiment clearly turning bearish, and the technical patterns highly align with our previous analysis.

Technical Analysis

The 4-hour chart shows that ETH has effectively broken below the upward trend line, with a MACD death cross confirming it, and 3820 forming a double top pressure. The rebound volume continues to shrink while the decline is accompanied by increased volume, indicating that bears are in control. Pay close attention to the support level of 3710; if it is lost, it will open up downward space to the strong support area of 3650-3630, with 3750-3780 forming a new resistance zone.

Operational Strategy Suggestions

It is recommended to gradually position short orders in the 3740-3760 area during the rebound, with a stop loss set above 3780, targeting the range of 3650-3630. Aggressive traders can attempt a small short near 3710, strictly setting stop losses. It is necessary to simultaneously monitor BTC's trends; if the overall market continues to weaken, it will strengthen ETH's downward momentum, so remain flexible in response.