ETH is currently quite strong, one could say it has been strong for the past week. Overall, it seems we are not far from stabilizing at 3660. I have been emphasizing in the past few days that the 3660 point is the key to opening the door to 4k. It won't stabilize immediately; it needs some time, but once it stabilizes, there will be substantial profits, so at least some position should be retained. Even if a short-term long position is stuck, it's not a problem, as it is very temporary. This market does not allow for missing out.

The liquidation heatmap for the past three days shows that there are dense short liquidations for ETH between 3652 and 3760, with liquidation intensities ranging from 120 million to 360 million. 3660 is the maximum pressure in the short term, while 3742-3770 is the next small segment high point. Therefore, after a second breakthrough at 3660, the new high will be in the 3742-3770 area, where 3720 will have a short pause (small take-profit point).

Currently, there is strong support at 3560, and one can defend at 3528. If it drops below, only a 10% reduction in positions is necessary. The 5 and 15-minute openings are both upward, so even a quick short-term long can be profitable. Let's go for it.

The criteria for determining whether ETH stabilizes above 3660 in the short term:

After breaking through to a new high of 3742-3770, it must pull back and close above 3660 (not falling below 3660), maintaining stability for 24-48 hours, which means stabilizing at 3660, also known as an effective breakthrough of 3660.