ETH pulls back 200 points! 3680 is the key for bulls and bears, holding could lead to a surge to 4000?
Ethereum has finally seen a pullback, with the current pullback magnitude at 200 points, peaking around 3850 and pulling back to a low around 3650!
This strong surge in Ethereum had minimal pullback adjustments in between, and the last time there was also a 200-point pullback adjustment. Will this time also be a 200-point pullback adjustment? The current position is right at the daily support level, so pay attention to whether 3680 will be effectively broken below, as well as the expected short-term sideways fluctuation market. If it strengthens and goes up again, it could really reach 4000 dollars, or even higher!
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ETH Analysis: July 22, 2025 Daily Chart $ETH
