The market started to fall in the evening following the M stock. The high pressure position of Ether is near the 3730 area, and the current price is easily affected by data, so the large range pays attention to the break of the high and low points.

At the 1h level, it started to retrace after the third upward move. From a structural point of view, the retracement is almost here, and the rise will continue in the evening.

Ether will be at 3490/3500 in the evening, defending 3450 and targeting above 3600.