The price of Ethereum (ETH) has recently shown strong pump momentum, remaining stable above $3700 for three consecutive days. However, the market also exhibits a clear Bull vs Bear Battle.

From a technical analysis perspective, a candlestick with long upper and lower shadows has appeared on the 4-hour chart, indicating a fierce battle between buyers and sellers at this price level. Although the price has repeatedly tested the $3800 level, it has not been able to effectively break through, forming a pattern of high-level oscillation.

The momentum indicator MACD has shown a death cross signal on the 4-hour chart. Although it remains above the zero line on the daily chart, the upward momentum has weakened. Meanwhile, the daily RSI indicator is in a severely overbought area, and the 4-hour RSI has fallen back from the overbought zone, indicating potential adjustment pressure in the short term.

Considering the current market conditions, investors can adopt a cautiously optimistic strategy. If a pullback occurs, the $3700-3730 range may provide a potential buying opportunity, with a target price set around $3800. However, given the market's uncertainty, it is advisable to set a stop-loss of 30-50 points to manage risk.

Overall, Ethereum is currently in a critical price range, and investors need to closely monitor market trends while managing risks effectively to seize potential opportunities.