Ethereum (ETH) was unable to break through and stabilize at the key resistance level of $3680 last night, but the overall trend structure indicates that the possibility of an upward breakout is increasing. Currently, the support range remains between $3550 and $3570. If it can successfully break through the $3680 mark, the next important observation targets will be the resistance levels of $3740 and $3860.

It is worth noting that recent indications suggest that some large holders (commonly known as "whales") are increasing their ETH holdings. This trend may signal a strengthening of market confidence or optimism regarding the future development of Ethereum.

However, investors still need to be cautious and closely monitor market trends. While technical breakthroughs are certainly important, it is also essential to integrate fundamental factors, such as network upgrade progress, the development of the DeFi ecosystem, and the overall sentiment of the cryptocurrency market for a comprehensive assessment.

In this market environment full of opportunities and challenges, both long-term holders and short-term traders need to remain rational and manage risks well. Behind every price fluctuation of Ethereum lies the complex market dynamics and the driving forces of technological development.