Ethereum experienced a strong rebound pushing it to 3968, and we are now seeing the bulls take a breather with the price currently consolidating around 3915.

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

Opening suggestions: For long positions, look for opportunities on pullbacks 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.