Hey everyone, what's happening with Ethereum right now? Let's have a quick chat.

The current price is $3,628, down 1.75% in the past 24 hours, reaching a high of $3,735 and a low of $3,578. Key levels to keep in mind: Looking up, 3,750 is a psychological barrier, and 3,800 faces previous resistance. Looking down, 3,610 is a short-term bullish barrier, and 3,550 is considered strong support.

The funding situation is interesting: Institutions bought 14,000 ETH through OSL at an average price of $3,570, spending approximately $50 million. However, Grayscale transferred 24,134 ETH to Coinbase, totaling approximately $85.92 million, potentially increasing selling pressure. Furthermore, a high-win-rate whale reduced their long position by 5.25 million, leaving their holdings at just $1,660. Be wary of profit-taking in the short term.

Technically, the 4-hour MACD shows signs of a golden cross, but it needs to hold above $3,700 for the bulls to truly assert themselves. The 30-minute RSI is at 62, not overbought, but volume is needed to support a breakout. The 1-hour Bollinger Bands are narrowing, suggesting an impending market reversal. If it can break through 3750, upside potential may open up.

Also note the on-chain data: a net inflow of 50 million to exchanges indicates that some large investors are cashing out at high levels, raising concerns about the risk of a short-term pullback. However, the whale "0x86F9" accumulated 24,294 coins in 6 hours, equivalent to approximately 86.48 million, which is a bullish signal in the medium to long term.

Operationally, we recommend trying a long position around 3610-3620, with the initial target at 3680, and then looking towards 3750 if it breaks through. Don't forget to set a stop-loss, and proceed with caution. #eth