After reaching the liquidation area 3460, a wave of pull-ups was ushered in. Currently, there is a 70% profit margin at 3530.

Ethereum ETH attracted a lot of funds over the weekend due to the continuous long-term positive news. It rushed to the 3650 position where both long and short sides entered and then ushered in the value return.

In the morning, there were many short orders in the 3560-3530 range. After the afternoon wash, there was a double explosion of long and short positions. It should be noted that the weekly line of Ethereum has been negative for four consecutive times. After the rebound, it can be said that it has been squeezed all the way. The 4H bearish OB was blocked and fell back.

Recently, Ethereum can be said to have been a fake move. The 3200-3400 range I reminded before also belongs to the previous consolidation zone. The profit and loss ratio in this area is very good, so it is worth a try. Spot positions must be entered in batches at 2 positions to control risks.

In the short term, 3460 is an important liquidation area, which can be regarded as a support. If it is in place, you can consider entering the market to make orders. In the case of a counter-trend, risk control can be placed at 3400.