Ethereum has recently exhibited a certain degree of fluctuation. Yesterday, its price rose from a low point of around 3570 dollars to a high point near 3750 dollars, eventually closing at around 3725 dollars.

Currently, the main support level that the market is focusing on is in the $3585 area. If it falls below this level, it may further drop to $3475. Investors may consider looking for long opportunities near these support levels.

On the upside, $3770 has become a key resistance level. If this level can be broken, it may drive the price up towards the $3825 region. For short-term traders, these resistance levels may present an opportunity to consider shorting.

From a technical indicator perspective, the MACD indicator shows that bullish momentum has weakened, and there are even signs of a death cross forming, which suggests that there may be certain downward pressure in the short term.

On the four-hour chart, the MA60 moving average has become an important technical support. If the price falls below this level, it may trigger further declines, with a target price around $3545. At the same time, the MACD indicator shows a state of oscillation and flattening within this time frame, with the two lines closely aligned, reflecting a lack of clear direction in the market in the short term.

Overall, Ethereum is currently in a critical technical position. Investors need to closely monitor the aforementioned support and resistance levels to seize potential trading opportunities. At the same time, it is also important to pay attention to market sentiment and the overall direction of the cryptocurrency market, as these factors may significantly impact the price trend of Ethereum.