Ethereum (ETH) has attracted attention recently. Yesterday, ETH surged to around $3860 twice, before pulling back. In the early hours, ETH began to slowly decline, touching the $3720 region multiple times but failing to break through, indicating strong support at that price level.

Currently, the overall trend of ETH remains bullish. From a technical perspective, the support area around 3700 USD has performed well, providing a good entry opportunity for short-term bulls. Investors may consider establishing long positions near this area, with upward targets focusing on the 3800 to 3850 USD range.

It is worth noting that the cryptocurrency market has always been highly volatile, and investors should carefully assess risks and set reasonable stop-loss levels when trading. In addition, following the overall market atmosphere, the technological progress of the Ethereum network, and macroeconomic factors can help to better grasp the trends of ETH.

Overall, ETH is currently presenting a relatively positive market pattern. As long as the support level of $3700 remains solid, the bullish trend is expected to continue. However, investors should also stay alert to potential short-term fluctuations and adjust their strategies flexibly.