ETH: After Divergence in Volume and Price, Adjustment Deepens, Support Level Faces Test

The daily chart shows that Ethereum has formed strong resistance above 3700 points in the past half month, with multiple occurrences of high-position doji candles and continuous long upper shadows, reflecting weakening bullish momentum; moreover, when the trading volume increased previously, the price did not rise correspondingly, creating a typical volume-price divergence. After breaking below 3700 points last Friday and reaching the support at 3400 points, there was a rebound due to positive news in the past two days, but the sustainability is insufficient, and after failing to break through 3700 points, it recorded two consecutive bearish candles.

The 4-hour chart shows a slight downtrend with fluctuations, with the 3560 points support facing a test. If it breaks below during the day, it may test 3450 points.

For intraday operations, look for a bearish position with 3600-3640 as resistance, and pay attention to the support level of 3470-3500 points. #ETH巨鲸增持 $ETH