Old Seven's Midday Analysis: $ETH
The market responded with a sharp spike at dawn. Currently, the direction indicates that Ethereum's trend is relatively strong, with the price dropping to around 3670 before quickly rebounding. The current trend has reached the key resistance zone between 3885-3900. Looking at the 1-hour level, the bulls have slowed down again in this area, the MACD indicator shows a decrease in bullish volume bars, and the KDJ three lines have all entered the 100 overbought position. One can still look for a pullback.
Old Seven's Trading Advice:
Short Ethereum around 3865, targeting around 3760.