$ETH 7.18, 20:15, current price 3612 shows strong oscillation and consolidation characteristics on the technical front, with a critical point for bulls and bears already present.

Breaking through the previous high resistance at 3674 → opens up upward space to 3800, balance point at current price 3612 is the tug of war zone, support at 3542 is the bullish lifeline at the middle Bollinger band, flash crash drop point at 3358 is the lower Bollinger band, breaking this will trigger a deep decline.

Bullish signal, price stabilizes at the daily middle band 3542, on-chain data shows institutional wallets increased their holdings by 180,000 ETH.

Bearish signal, MACD death cross -2.04, and green bars initially show volume contraction Vol 197,000 << MA5 295,000.

Probability of breaking upward is 55%, if it stabilizes at 3670, look for 3800. Probability of falling is 45%, if it breaks below 3542, look for 3350.

Chasing a breakout, open a long position of 30% after stabilizing at 3620, stop loss at 3590, target 3720.

For a pullback long position, place a buy order at 3550 for 20%, stop loss at 3530, target 3650.