Family, today Brother Long is here to discuss the latest trends of ETH with everyone, it's all solid analysis, listen carefully!

First, let's look at the key dynamics from a technical perspective. Right now, ETH is stuck in a consolidation range, and the key levels to remember are: on the resistance side, the $3700 to $3740 range is a tough nut to crack. If it can break through with volume, reaching $3800 isn't impossible. For support, in the short term, look at $3560-$3570; if this level can't hold, we have to eye the $3460-$3500 area, where the EMA120 moving average and the lower channel line provide support. The current price is $3672, right near the upper edge of the range, so where it goes next depends on the recent movements.

Now, let's talk about the downside risks to be cautious of. Recently, two whale addresses transferred 19,000 ETH to Binance and OKX, amounting to about $69 million. We definitely need to pay attention to the short-term selling pressure; don't get caught off guard by this wave of selling. Additionally, we need to keep an eye on derivatives, as the funding rates for perpetual contracts have turned negative. Take Binance for example, it's currently at -0.002%. If short positions are too concentrated, it can easily trigger liquidation volatility, so this risk can't be ignored.

Finally, Brother Long's trading advice for today: I think it might be worth considering shorting in the range of $3670-$3700, with an initial target around $3620-$3550. As always, with large market fluctuations, this is just for reference. Everyone should prioritize risk in their operations and not be careless! #ETH