The Ethereum daily performance remains weak, with strong resistance forming around the 3700 point. Recently, the K-line often shows high position cross stars and upper shadows, indicating a lack of bullish momentum.
At the same time, there is a significant divergence between volume and price. Although there was a positive stimulus that pushed the price back to 3700 points, it struggled to break through, leading to another decline and consecutive drops.
On the 4-hour chart, a slight downward trend is evident, with support at 3560 points being effective at one point. If it breaks below again during the day, it is likely to test 3450 points.
It is recommended to go long near 3580, with a stop loss at 3540, and to watch the 3700 resistance level above.