Ethereum
Short

ETH: Pulled back under pressure

200
📝ETH has recently broken through an important downward trend line, but then experienced a pullback.

📈Currently, the price is facing greater pressure near 3950. If the closing price can be above 3950, the weekend recovery may continue, and it may even challenge the 3970 - 4000 area. If it can break through this area, it may further rise; if it fails to close above 3950, there will still be a need for a pullback.The key support level below is near 3650.

💡If this position cannot provide effective support, the price may further decline to around 3550, or even near 3370.

💡The resistance level above is in the 3970 - 4000 area. This area is an important pressure level. If the price can effectively break through it, it may indicate that the structure has stopped falling and a rising opportunity will come.

♦Market sentiment remains cautious, with long and short sides locked in a stalemate. From a technical pattern perspective, there is a trend of lower highs and lower lows in prices. If the current structure cannot be broken, market risks will persist.

💎
Buy 3835 - 3840 TP 3850 - 3860 - 3870 SL 3825

Sell 3920 - 3910 TP 3900 - 3890 - 3880 SL 3930

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