Recently, the price movement of Ethereum (ETH) has shown typical range oscillation characteristics. From a technical analysis perspective, there is currently no clear trend, and the external environment lacks clear guidance.

Although some technical indicators such as the evening star pattern and volume-price divergence suggest downward pressure, the intertwining of moving averages and the narrowing of the Bollinger Bands indicate that market momentum is weakening, and sentiment is stabilizing. Taken together, these signs still point to an overall oscillating market pattern.

In this case, investors may consider establishing long positions in the area around $3500-$3550, with target price levels set in the range of $3670-$3700. However, it is important to note that risk management is particularly crucial in a market without a clear trend.

Meanwhile, other aspects of the cryptocurrency market are also worth paying attention to. For example, Hong Kong recently introduced new regulations for stablecoins, which could have an impact on the entire crypto ecosystem. Additionally, the IPO season for crypto-related stocks is underway, which may bring new momentum to the market. It is worth mentioning that Solana's futures trading volume has reached a new high, indicating that investor interest in certain altcoins is on the rise.

Overall, in the current market environment lacking a clear direction, investors need to remain vigilant and closely monitor various market signals and macro events in order to adjust their investment strategies in a timely manner.