8.5 Early Morning Ethereum Analysis
Ethereum is currently operating under the pressure of a downward trend line, benefiting from a strong opening of the US stock market, with a still considerable increase.
Short-term support focuses on the two positions of 3620 and 3585. If these levels hold, the outlook remains bullish, and one can consider buying on dips.
Initially, we look at 3720 resistance above. If it can break through 3760 with volume, the structure will further open up, and we can expect to see 3820.
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