Ethereum saw a pump this afternoon by institutions, releasing ten times the Trading Volume. After that, retail investors began dumping, entering a pullback, oscillating slightly between 3840 and 3880. The resistance level at 3880 is quite strong, and multiple tests failing to break through it increases the probability of falling below support, aiming down to 3820. For an effective breakthrough at 3900, we still need to wait for institutions to pump, as retail money has a minimal impact on the market data #ETH走势分析 .