This Sunday, the Ethereum market once again showed strong upward momentum, with prices nearing the $3670 mark, which is precisely the high reached on Friday. Market participants are closely monitoring this development, while also setting their sights on the potential resistance level of $3730.

It is worth noting that the market trend of the previous day validated some traders' predictions. At that time, the price retraced to around $3528, which coincidentally touched some investors' set buy short positions, and then began to rebound.

From the recent market trends, it seems that there is a certain pattern. Last Friday, an analyst suggested that $3486 could be a key position for a short-term long position. In fact, since then, the price of Ethereum has not dropped to that level again.

Currently, market participants are closely monitoring the upcoming trends. If the price continues to rise, new shorting opportunities may arise. However, specific strategies will need to be determined after further observation of market movements.

This round of market activity once again proves that the cryptocurrency market is ever-changing, and investors need to remain vigilant and adjust their strategies at any time. Whether going long or short, accurately grasping entry points and profit-taking levels is crucial. In this rapidly changing market, timely market analysis and flexible trading strategies can bring significant advantages.