From the perspective of the exchange rate pair, the recent strong rhythm of ETH has slightly weakened. However, the degree of weakness is not as pronounced as that of Bitcoin, highlighting ETH's strength passively.
After testing 3740 with a rebound pullback, the market continues to consolidate around the midpoint 3660 in a large-scale high-level consolidation structure. Ultimately, it followed the market and fell with increased volume, and the rebound test has not returned above this area. Therefore, in the short term, it is weak and has not brought about a reversal structure. In the evening, observe the price performance near the support at 3550. The support is effectively tested again. There is hope to see the continuation of the rebound, absorbing selling pressure upwards while waiting for a breakout.
If the pullback goes too deep and breaks down, the small-scale rebound will end, and we will continue to look down towards the support around 3330.
Upper pressure: 3660/3722/3750/3817/3876
Lower support: 3550/3464/3430/3330
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