#ETH is currently facing a key retracement point at 3650 after reaching a new high. This level is supported by the daily MA7 and serves as a strong boundary for strength on the daily chart, as well as the bottom of the 4-hour range. If the price breaks below this level, the 4-hour breakout will increase the retracement momentum downwards, and if the daily chart breaks below this strong position, it will continue to retrace, similar to #Bitcoin, which will also reference the daily range retracement. If a daily-level retracement begins, first consider the situation around 3485. It is important to note that this is not a bearish outlook or a negative view on ETH, but rather that after a continuous short-term price increase, a proper retracement is indeed necessary to move higher. A reasonable retracement is meant to allow for a higher "jump."