The current price of ETH is in a densely traded zone around the moving averages, and any breakouts without significant volume are invalid!
In the short term, ETH is in a period of adjustment, with the key watershed at the round number of 3800.
Suggestion: If it holds steady at 3800, it is recommended to mainly observe. Do not overtrade short positions, and you can first look at 3850. If accompanied by a surge in volume, you can continue to hold and aim for 3920!
If the volume breaks below 3800, follow the bearish trend, looking down to 3730, 3650!
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