The Ethereum intraday market surged to around 3870 in the morning but failed to break through, leading to a pullback. The current price is around 3660, and during the pullback, it has touched the support level of 3610.

From the short-term 4-hour chart perspective, the market is in a pullback rhythm, and the mid-band support has been broken, with the rebound strength significantly weakened. If the price cannot break through and stabilize above the resistance level of 3700, there is still a risk of further retracement. Currently, the overall market presents a range-bound oscillation pattern with no signs of a breakout, and a low long strategy can be adopted in operations.

It is recommended to set up long positions in the range of 3610—3640, with a target aimed at 3800$ETH #NFT板块领涨 .