Ethereum Midday Market Analysis
Ethereum has been making continuous gains since last night, rebounding again and testing the strong resistance level near the previous high of 3680. Currently, the Bollinger Bands are continuing to narrow, and the K-line is constantly approaching the upper band, suggesting a potential short-term decline ahead.
From a structural perspective, there is strong resistance above 3680 for Ethereum, which is gradually approaching the upper limit of the range. Yesterday's rebound again confirmed the pressure at this level, indicating a potential precursor to a correction.
Strategy Recommendation
Short in the range of 3675-3670-3665
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