$ETH
Ether has indeed fallen below the 3600 mark, and the market is now truly beginning to pull back. For the past few days, it has been moving sideways at a high level, with both bulls and bears exhausting themselves; now that it has officially broken down, the bears are starting to gain momentum.
From the market perspective, 3600 is a key support level. Once it breaks, it will be quite difficult to see a decent rebound in the short term. The more substantial support is around 3200, which is where the main players built their positions and initiated strong rebounds in the past.
On the technical side, the daily MACD death cross continues to widen, and trading volume is increasing, indicating that capital is retreating and many are starting to take profits. The short-term moving averages are pressuring the price, and the trend is leaning bearish; don't easily try to catch the bottom.
A more prudent approach is to wait and see the support situation around 3200 before deciding on the next steps. Impulsiveness is the devil; control your position well and don't get shaken out. Real opportunities often emerge slowly when everyone is most fearful.