Ethereum's analysis from yesterday, if you watched, after being blocked at 3720 and directly shorting on the right side, then now you are in profit, and you can take a breakeven stop loss. The first target can be seen at the support level of 3555. If a big bearish candlestick breaks through, just hold on. Of course, if you don't understand, then move the stop loss down little by little. Even if it rebounds, there is still profit to be made.

1-6 Ethereum Analysis：
On Friday, the analysis of Ethereum mentioned that Ethereum should either pull back near 3400 to go long or break through 3555 directly to chase. By noon, it also reached around 3700. The spot trading method mentioned earlier by Dan was to open a position at 3200 only for the head position and directly increase the position at 3555.
Although there is currently a profit in hand, it is still necessary to respect the next potential resistance. From the perspective of Fibonacci's 0.618, the current resistance is at the price of 3720. In a situation of rising without volume, Dan is still relatively cautious. If rejected at 0.618, it will signal a bearish trend. Even if Dan does not short, attention must be paid to whether the support at 3555 will hold.
Returning to the four-hour chart to view Ethereum, Ethereum is currently in a channel pattern. From the K-line perspective, 3720 is the previous high position for Ethereum in four hours, just corresponding to Fibonacci's 0.618. However, Ethereum is currently in a rising trend without volume, so if Dan wants to place a short order on the left side, it must be at the price of 3830, which corresponds exactly to the neckline position of the top pattern on the left + the top of the four-hour channel. Here, Dan must definitely place a left-sided order. 3720 is just an idea of being blocked on the right side. #ETH