The current 4-hour level is in a rebound recovery stage, but there is still pressure above that needs to be broken through. The green bars in the MACD indicator continue to shorten and are about to turn into red bars, indicating that the bearish strength is weakening and the bullish strength is gradually increasing. If a golden cross can form subsequently and the red bars further expand, the rebound trend is expected to continue. The strategy can focus on making long positions after a pullback.

It is recommended to make a move around the 3650 line, targeting the 3690-3710 area. $ETH