ETH has repeatedly tested the resistance near 3720 but has not been able to effectively break through with volume, indicating that short-term selling pressure still exists, and some funds have chosen to take profits. The market is consolidating to digest profits, waiting for new momentum to inject.
Trading volume has decreased, and chips are settling.
During the consolidation period, trading volume has significantly decreased, indicating that the market has temporarily reached a delicate balance between bulls and bears. Chips are gradually settling, waiting for confirmation of the breakout direction.
Regardless of the market direction, stop-loss settings must be strict, especially if it falls below 3650, as there is a risk of a downward pullback.
