From a technical perspective, Ethereum has shown two dip signals after reaching 3620 on the 4-hour chart, forming a small double long wick candle bottom pattern, and two consecutive candlesticks have closed as bullish lines. If it can hold above the middle band support level of 3730, it is expected to challenge the upper band of 3850 subsequently. In terms of indicators, the KDJ is about to converge into a golden cross pattern upwards, the MACD fast and slow lines are above the zero axis and the short positions' energy is continuously shrinking, and the RSI has also turned upwards after being oversold at a low level.

The 12-hour level also shows that the price has received support near the BBI indicator at 3620 during both pullbacks. The key support level below is at 3600. If the pullback does not break this level, the bullish outlook can still be maintained; however, if it effectively breaks below 3600, it may further dip to the 3400 region.

It is recommended to wait for a low buy opportunity, placing buy orders in the 3650-3620 range, with a stop loss set at an effective dip below 3600.

The current trend is strong, with funds always entering the market to push up prices during pullbacks. There is a high risk of preemptively positioning for short positions #山寨季来了？# #稳定币监管风暴# #Gate 6月透明度报告# .