After a strong rebound in Ethereum pushing it up to 3968, we have seen the bulls take a brief pause, with the price currently consolidating around 3915.

This could be a healthy pause before another rise or the beginning of a brief slight pullback. If you are a short-term trader, 3900 is your dividing line.

Opening Position Recommendations: For long positions, look for opportunities when the price pulls back to the 3875-3805 range, with a stop loss below 3800. For short positions, look for opportunities in the 3898-3905 range, with a stop loss at 3930.