#Ethereum Market Suggestion for Evening Strategy

Today, the price of Ethereum has broken below the $3700 support level, with a short-term bearish technical outlook. The 4-hour chart shows that the EMA30 (around $3,750) is acting as resistance, the MACD death cross continues, and the RSI has dropped to 42 (neutral to bearish). The market is influenced by the SEC's delay in the Ethereum ETF vote and large whale sell-offs, but institutional funds continue to flow in (BlackRock ETF saw an inflow of $499 million in one day) providing support. If it breaks below the 3620-3650 dollar support range, it may test $3,530; if it holds the support, it is expected to rebound to $3,800.

Short-term strategy:
- Long: Light long position at $3620-$3650, stop loss at $3590, target $3750-$3800.
-Short Selling: If a rebound reaches resistance at 3748-3795, you can take a light short position, with a stop loss at 3754-3830 and a target of 3650-3700.
It is advisable to control your position and be alert to the risks of fluctuations in Federal Reserve policies and market sentiment.