Ethereum is currently at the tail end of a major cyclical fluctuation, forming a flag pattern. The upper resistance is around 4000, while the lower support is in the 3500 range, which corresponds to previous moving averages and a dense area of positions.
The daily indicators show clear support, with a short-term expectation of a rebound; if the upward movement fails, it may drop to 3200.
In terms of operations, the main focus is on gradually accumulating positions during dips. $BTC $ETH
