Family, today Long Ge is here to talk to everyone about the situation of Ethereum (ETH).

First, let's talk about the current price, which is now $3628. This price is very close to today's lowest point of $3564, and it has dropped 0.80% in the last 24 hours. Clearly, there is a trend of correction in the short term, so we need to pay attention.

Let's first look at the key support and resistance levels. For support, $3576 (100-day moving average) and $3550 (Fibonacci 1.618 support level) are today's lifelines. If it really breaks below, it could quickly drop to $3360 (200-day moving average). Moreover, the intraday low today hit $3564, indicating that the bears are testing the strength of the support, and we must remember this signal.

On the resistance side, $3720 (Bollinger Band upper limit) and $3850 (supply area) form a strong resistance. It must break through with significant volume to reverse this downward trend; otherwise, it won't be easy to move upwards.

Now, let's take a look at the signals given by the technical indicators. Regarding MACD, in the 30-minute timeframe, the bearish strength is increasing, and the histogram has consistently been negative and is extending, indicating that the short-term momentum is relatively weak. As for RSI, the 30-minute RSI value is 43.73, which is in a weak neutral state, not yet in the oversold zone, suggesting that the correction may continue. The Stochastic RSI is neutral at the daily level, at 61.31, but the 4-hour chart shows that it was previously overbought and is now retreating, so we need to be cautious of further pullbacks.

Finally, let me tell everyone about Long Ge's operational guide for today. I plan to short around $3635 - $3665, with a target looking at $3580 - $3510. However, I must remind you that the market has risks, so please be very cautious when trading and do not be careless.