Last night, a friend in the crypto community asked if ETH would definitely not drop below 3800, as that would prevent it from reaching 4k. It's highly likely that 3800 will be broken. After the spike to 4000 on Monday, the failure to rebound above 4300 has already determined this. Then yesterday, the drop to 3966-3920 without rebounding above 4112 confirmed it. The strong support below is around 3500, which is the middle line of the weekly Bollinger Bands. The lower line of the 3-day Bollinger Bands is at 3618 (variable, fluctuating within 6 points) and the 5-day EMA30 is at 3608 (variable), which provides resistance. Therefore, short positions can take profit in the range of 3646-3612 for 75%. If it drops below 3600, the decline will need to slow down.
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