The digital money market is once again at a critical moment, with the movement of Ethereum attracting widespread attention from investors. From a technical perspective, on the daily chart, Ethereum has formed a doji bullish line around $3760, indicating fierce contest between the bulls and bears. The Bollinger Bands continue to show an upward expansion trend, and the MACD indicator is also maintaining an upward trajectory, providing some support for long positions. However, it is worth noting that the bullish volume is beginning to show signs of contraction, and the KDJ indicator has started to turn downward, suggesting that there may be some pressure in the short term.

Shifting to the 4-hour chart level, we observe that the Bollinger Bands are beginning to converge, the MACD indicator continues to decline, while the bearish volume is constantly increasing, and the KDJ indicator has also turned to a downward trend. These signals combined suggest that Ethereum may face certain downward pressure in the short term.

Based on the current market situation, it is recommended that investors closely follow the price movements in the range of $3650-$3680. If there is significant selling pressure in this range, it may trigger a new round of decline, with potential target levels around $3580-$3520. However, given the high volatility of the Digital Money market, investors should remain vigilant, strictly control risks, and adjust strategies in a timely manner according to market changes.