ETH is consolidating around the midpoint of a wide oscillation at the daily level at 3660.
In the morning after the US stock market, volume increased and broke above 3750, followed by a sustained upward movement. Small-scale bulls have regained strength.
The current position is relatively close to the previous high. The risk-reward ratio for chasing long is not suitable.
Patiently wait for a lower entry position after the pullback.
In the evening, pay attention to the price performance at the 3750 support during the pullback. If it holds steady, the bulls may continue to extend towards new highs.
Upper resistance: 3840-3876/ 3940-3973/4120
Lower support: 3730/1660/3600/3550