Yesterday, $ETH was again in control, let’s do a simple analysis today:

Currently, it has broken through the short-term upward trend line, and it is highly likely to experience a slight decline in the future. If the market remains stable, based on Ethereum's recent performance, there shouldn't be much of a problem. Next, we can ambush in these positions:

Long

3550—3580 (a dense area of chips that has been validated by candlestick patterns, and it is within the range of the large-level box Fibonacci 318, providing effective support)

3420—3470 (a dense area of chips that has been validated by candlestick patterns, and it actually overlaps with the large-level box Fibonacci 618 and the small-level Fibonacci 50—618, providing stable support)

Short

3685—3720 (the short-term Fibonacci golden retracement area for declines, validated by candlestick patterns, providing effective resistance)

3770—3800 (the upper limit of the large box, and it is an integer level, providing effective resistance)