Regarding Ether dynamics, its 4-hour chart shows that it has successfully broken through the box structure of the 3250 to 3500 range established earlier, demonstrating significant upward momentum. However, when the price climbed to the 3650-3700 range, it encountered substantial resistance and subsequently a correction trend emerged.
From the perspective of short-term technical analysis, the upper pressure level is mainly concentrated in the range of 3600 to 3650, while the lower support level is clearly focused on the 3550 to 3500 line. It is expected that even if Ethereum can continue its upward trend, it is very likely to step back to this key support area to consolidate.
It is worth noting that, as pointed out many times before, as long as Ethereum can effectively stabilize within the range of 3280 to 3300 during the callback process, it is expected to start a new round of rise #BTC☀ #ETH🔥🔥🔥🔥