Ethereum (ETH) performed relatively strongly on Monday, approaching a high near $3,500.

From a technical perspective, the Bollinger Bands show that the channel is expanding and running downward, and the market has shown three consecutive downward trends, showing that the short trend is gradually strengthening.

There is currently an obvious pressure area above the market, the long mouth of the KDJ indicator is running downward, and the MACD red momentum is also narrowing.

Based on the above technical analysis, it is recommended to continue to adopt a high-altitude operation strategy.

Ethereum (ETH)

- Recommended direction: short order

- Current price range: US$3499-3515

- Expected profit range: US$3450-3420

- Stop loss recommendation: US$3545

These suggestions are intended to provide an operation strategy based on market trends and technical indicators, but investors should pay attention to market volatility and risks and make decisions based on their own risk preferences.

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