#山寨季来了？# The digital money market is once again at a critical moment, with Ethereum's performance attracting widespread attention from investors. From a technical perspective, on the daily chart, Ethereum has formed a bullish line around $3760, indicating a fierce contest between long positions and shorts. The Bollinger Bands continue to show an upward expansion trend, and the MACD indicator also remains in an upward motion, providing certain support for long positions. However, it is worth noting that the volume of long positions is starting to show signs of contraction, and the KDJ indicator has begun to turn downward, suggesting that there may be some pressure in the short term.

Shifting to the 4-hour chart, we observe that the Bollinger Bands are beginning to converge, the MACD indicator continues to decline, while the bearish volume is expanding. The KDJ indicator has also turned into 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 within the range of $3650-$3680. If there is significant selling pressure within 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 must remain vigilant, strictly control risks, and adjust their strategies in a timely manner according to market changes.