After the recent rapid pump of ETH, there has not yet been effective support at the four-hour level, and it is likely to fluctuate within the range of 3660-3850. It is noteworthy that the Fibonacci 0.618 key level is precisely at 3620, and the price has also reached this position this afternoon, officially starting the fluctuating pattern. This is a good time for swing trading, and grid strategies can also be deployed within this range.

From the perspective of price levels, 3660-3850 will be the core oscillation range. In this wave of the market, a breakout at 3800 points is highly likely, as there are significant on-chain liquidation orders at this position. After a brief period of oscillation and consolidation following the breakout, it is expected to make an attempt to rally towards 4000 points.

The market is currently showing a strong bearish trend, and the risk of shorting is extremely high. However, be cautious of the "spike" movements commonly seen in bull markets, and consider placing long orders around 3620 to respond to volatility. #山寨季来了？ #稳定币监管风暴 #Gate 6月透明度报告