ETH Trend Observation: Currently Showing a Bullish Trend

Recently, the overall ETH market has shown a bullish pattern, with prices gradually rising amid fluctuations, and bullish momentum relatively dominating. From a short-term perspective, prices are oscillating narrowly around the 3600-3680 range, with decent support below and facing temporary pressure above, indicating an overall trend leaning towards continuation of the upward movement.

In the past 24 hours, whale addresses have transferred approximately 19,000 ETH (worth about 70 million USD) to exchanges, suggesting some profit-taking.

Institutions like Cumberland and Abraxas Capital continue to accumulate ETH, with daily increases exceeding 44,000 ETH, indicating a long-term positive outlook.

Operational advice is to go long around the 3620-3640 range.

First, pay attention to the vicinity of 3680; if the price successfully reaches this level without showing significant signs of decline, one can further look towards the 3700 round number to see if an effective breakout can be formed. If it breaks out, it is likely to continue on the upside.

If the price falls below 3600, it indicates that short-term bullish momentum may weaken, and existing strategies need to be adjusted in a timely manner. #ETH🔥🔥🔥🔥🔥🔥