The market has been moving slowly these past few days. On Monday, there was only a 1600-point fluctuation, and Tuesday was better with a 2500-point fluctuation. It has entered a short-term range of oscillation at the next level. Currently, the 115 level has consistently failed to stabilize, remaining in a lower structural consolidation. Until it stabilizes above 115, every rebound is an opportunity to enter.
On Monday, we had a short position at 115, and the second take-profit level at 113 has also been reached. We will leave a small position to look for the third take-profit at 1118-112 nearby before exiting. Today, we will refer to 115 to look for another downward move.
Ethereum faced resistance and declined from 3730 yesterday. Fortunately, the short-term support at 3560 held; otherwise, it would have dropped further, and the 0.618 level at 3250 might need to be tested.
Before the broadcast ended yesterday, I shared a short position at 3600-3610, with a low point reaching 3540 in the early morning, which was a gain. Today, the pullback strength seems a bit strong; let's wait and see before participating again during the US trading session.