Recently, the market performance of Ethereum ( ETH ) has been remarkable. In the short term, the increase within 24 hours is indeed quite considerable. However, looking at the overall trend, it is not difficult to find that after the previous rapid rise, the market momentum seems to have weakened, and it is currently in a state of high-level consolidation.

From a technical analysis perspective, multiple indicators are showing potential downward pressure. The KDJ indicator has already begun to show signs of a downward turn, while the red bars of the MACD are gradually shortening. These signals all suggest that the market may be accumulating strength for an adjustment, and a pullback is likely imminent.

Based on the current market situation, investors can pay attention to the 3740-3770 range as a possible key resistance level. If a pullback occurs, the 3640-3540 range may become an important support area.

It is worth noting that while adjustments may be faced in the short term, this does not necessarily mean a change in the long-term trend. Investors should make cautious decisions based on their own investment strategies and risk tolerance. At the same time, keeping a close eye on market trends and fundamental changes is also a wise move.

In the cryptocurrency market, volatility has always been a significant characteristic. Therefore, whether bullish or bearish, it is essential to remain rational and manage risks effectively. For Ethereum, the continuous development of its infrastructure and the expansion of its ecosystem remain important supports for long-term value.