The 4-hour trend of ETH is currently in a bullish trend, and this wave belongs to a pullback after a short-term structural breakout. In a bullish trend, the downward adjustment space will not be too large; however, the pullback after a short-term breakout also indicates that there is pressure above, making it temporarily difficult to form an independent upward trend.

Currently, the 3670-3750 range is a short-term resistance area. When the price touches this range and above, it is very likely to return to a consolidation state, and there are temporarily no obvious trading opportunities.

If there is a significant decline later, based on the larger bullish trend, we can gradually lay out to capture the rebound.

In terms of intraday operations, if the price retraces to the 3600-3620 range, consider going long, with targets sequentially looking at 3750, 3810, 3880. $BTC $XRP $SOL #ETH巨鲸增持 #香港稳定币新规 #币安HODLer空投PROVE #币安Alpha上新 #美国加征关税