Can ETH break through $3760? The next key moment for a surge or a drop is here!

The current ETH price is $3605.13, experiencing significant fluctuations throughout the day, with a high of $3760.00 and a low of $3586.50. As one of the mainstream cryptocurrencies, Ethereum has shown strong performance in recent days, but today's price volatility suggests that the market may be at a crucial turning point. Next, we will analyze ETH's intraday trends and propose corresponding short-term contract trading strategies.

From the current trend, ETH has experienced a significant increase, rebounding from $3586.50 to around $3760.00, showing strong upward momentum. However, after reaching $3760, the price has clearly encountered some resistance and has not been able to break through further. The current fluctuation range indicates market divergence, and there may be significant volatility in the short term.

The RSI indicator is currently close to 70, indicating that ETH is in an overbought state and may face the risk of a short-term correction. The MACD is currently in a golden cross state, still leaning towards bullish in the short term. However, it is important to be cautious; if the price cannot break through $3760, there may be a deeper correction in the short term.

Short-term contract strategy:

Long strategy:

Entry position: If ETH pulls back to around $3586.50 and shows stabilization and rebound signals, consider entering long at this position. Profit target: The short-term target is $3720, and after breaking through $3760, look towards $3800. Stop-loss position: If the price falls below $3586.50 and continues to decline, exit to avoid further losses.

Short strategy:

Entry position: If ETH tests around $3760 again and fails to break through, forming a reversal signal, consider shorting at this position. Profit target: The initial target is $3650, and if it breaks, further look towards $3586. Stop-loss position: If the price breaks through $3760 and stabilizes, exit to avoid a failed short.

If ETH successfully breaks through $3760 and stabilizes above that position, the price is expected to move towards $3800 or even higher areas, and market sentiment may further drive up ETH's price. If $3760 becomes a solid resistance line, ETH may experience a correction, potentially dropping back to around $3586, creating significant downward pressure. $ETH