11.10 evening

Good evening, everyone!!
Ethereum is currently near the 3610 level. From the current 1-hour candlestick and indicators, it is in a pullback adjustment phase within a short-term upward trend, positioned above the middle line of the Bollinger Bands and below the upper line, which is a normal retracement zone in an upward trend. The short-term trend still leans towards strength. After the 1-hour level peaked at 3658.00, a pullback occurred, but the trading volume did not significantly increase during the pullback, indicating light selling pressure, leaning more towards consolidation after profit-taking.
KDJ Indicator: K value, D value, and J value have turned down, indicating a short-term need for a pullback, but are in a neutral area with no oversold signals.
MACD Indicator: DIF is slightly below DEA, MACD bars are negative, short-term weakness but DIF is still at a high level, mid-term bullish trend has not reversed.
Based on the analysis above and in conjunction with the 1-hour level trend, it is highly likely that there will be a short-term consolidation in the range of 3580-3630. If it can hold above 3588 after a pullback, there remains the possibility of testing upwards to 3660--3690; however, if it breaks below the mid-track, one should be cautious of further pullback risks to 3560--3520.
th