Will ETH start to surge again?
First, Ethereum has a long upper shadow near 3750.
At the same time, we stopped short orders at 3740 yesterday.
Finally, it stepped down 200 points.
But now it faces the short-term support of 3600. Will it stand firm?
First, look at the 4-hour pressure of ETH falling back when we just had dinner, and it was suppressed by 3620 above.
Step down to 3585.
Touch the 1-hour support.
Then there are certain buy orders at this position.
If the price rebounds and is blocked, it will continue to be under pressure and fall at night.
The wooden mark below is near 3570.
So our bottom position of Ethereum in the long term remains unchanged.
In the short term, we pay attention to whether 3620 can be effectively broken through.
Otherwise, the price will return to 3585.
Once it breaks through, it will step on 3570 again as I reminded you.