Brothers, today let's talk about the latest developments and operational guidelines for Ethereum. The current price is around 3685, fluctuating between 3575 and 3705 over the past 24 hours, and the trading volume hasn't picked up, feeling a bit lackluster.
On the support side, for the short term, we look at 3555. If it breaks below the strong support range of 3350-3383, it may drop deeper. As for resistance, we first look at 3720 during the day; if we want to surpass 3745-3750, we need the volume to support it.
Technically, it's still oscillating: the 4-hour chart has shown a 'Evening Star', indicating a slightly bearish sentiment in the short term, but it hasn't broken key support, so it hasn't completely turned bearish. The MACD histogram is shortening (still negative), and the bullish momentum is increasing; the RSI is hovering between 38-60, lukewarm, and the KDJ doesn't have a clear direction, so we need to wait and see. Additionally, the trading volume didn't keep up during the price increase, so the upward momentum may be insufficient.
Market sentiment is a bit divided: a giant whale transferred 19,000 ETH to an exchange, possibly to sell; however, institutions like Cumberland are still buying. The staking exit volume has decreased for 4 days, with new funds coming in at 347 million, and bulls and bears are competing. Moreover, many people feel that ETH can reach new highs this year, and Standard Chartered has also said that related companies are worth investing in.
Afternoon operational advice: go long around 3665-3675, first looking at 3725, and if it breaks through, then look at 3785. Remember to control risk, set stop-losses, and don't be greedy #eth .