The technical chart of ETH clearly indicates the current trend structure. The purple area represents the oscillation range after the rebound, while the black area is the range where the current price is situated.
At this stage, the price is facing the selling pressure area of the black range. Until it breaks through and stabilizes above this area, it is still recommended to primarily operate with short positions. Consider entering the market within the range of 3700-3750, with a target of at least 100+.
