Ethereum Today's Analysis
Ethereum formed a small bearish candle in the last 24 hours, dropping to 3616 and immediately pulling back, creating a pin bar phenomenon, indicating a probe of the funds below.
The most important level currently remains at 3657. According to Fibonacci data, if 3657 can be broken and stabilized, this will be a key point. Following this, the trend will primarily focus on short positions until August, possibly extending below 3500. Market sentiment is weakening and shifting to altcoins, especially new coins.
If Ethereum can regain and stabilize above 3750, this will provide critical support for the subsequent upward phase. Everyone must pay attention to this range for planning.
PS: Follow the old trickster, and you won't get lost in trading; having guidance makes trading much easier!
