Ethereum (ETH) has recently attracted attention in the market. Currently, the ETH price has reached an important resistance level of around $3720, but has not yet broken through this key level. This situation provides traders with some potential strategy options.

For bears, it may be worth considering setting short positions near key resistance levels such as $3720, $3750, $3775, and $3805. These price levels represent potential resistance for upside breakouts, and if the price fails to break through, a pullback may occur.

On the other hand, if the price experiences a pullback, investors can follow the important support levels: 3675, 3638, 3615, 3585, and 3555 USD. These levels may serve as potential starting points for a price rebound. Near these support levels, opportunities for buying on dips can be considered based on market reactions.

It is worth noting that the cryptocurrency market is highly volatile, and trading strategies should be flexibly adjusted according to individual risk tolerance and market changes. Investors are advised to closely follow market dynamics, combining technical analysis and fundamental factors to formulate a trading plan that suits them. At the same time, it is also very important to use stop-loss strategies appropriately to control risk.

Overall, the current price trend of ETH provides multiple possibilities for short-term trading. Whether bullish or bearish, the key lies in strictly adhering to trading discipline and maintaining constant vigilance towards the market. In this rapidly changing market, timely adjustments to strategies may be the key to success.