Recently, the Ethereum (ETH) market has drawn attention as the U.S. House of Representatives passed three Crypto Assets bills, adding uncertainty to the market.

From a technical perspective, ETH is currently facing significant resistance around the $3600 mark. Although bulls are temporarily in control, it is unwise to be blindly optimistic. If the pressure level cannot be effectively broken, it is recommended to take profits in a timely manner and wait for a correction opportunity. It is worth noting that ETH has failed to break through the $3673 high point twice and has not reached the upper resistance of $3744, followed by a noticeable pullback. This trend indicates that the upward momentum may have been exhausted.

Market manipulators may be setting long traps above. After the bearish strength gradually weakens, they may turn to attack the bulls. Investors need to stay vigilant, paying special attention to support levels around $3496 and $3443.

For investors currently trapped in their positions, it is advised to closely monitor market trends, analyze the situation rationally, and avoid emotional trading. At the same time, be cautious of excessive leverage and ensure proper risk management.

Overall, ETH is likely to fluctuate and consolidate in the range of $3400-$3700 in the short term. Investors should remain calm and adjust their strategies in a timely manner based on market changes, ensuring they do not miss potential upward opportunities while also being vigilant about possible pullback risks.