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Ether's intraday market surged to the 3870 line in the morning, but after failing to break through, it experienced a pullback. The current price is around 3660, and during the pullback, it has touched the 3610 support level.
From the short-term 4-hour chart, the market is in a pullback rhythm, with the mid-track support having been broken, and the rebound strength has significantly weakened. If the price fails to break through and stabilize above the 3700 resistance level, there is still a risk of further retracement. Currently, the overall market shows a range-bound oscillation pattern with no signs of a breakout, and a low-buy strategy can be adopted in operations.
It is recommended to set up long positions in the Ether range of 3610—3640, with a target looking towards 3800 #ETH# .