Ethereum tests the $3,600 resistance, but technicals are warning signals. Looking at the price movement over the past few hours, ETH has slightly increased compared to the previous day, but lower-timeframe indicators are starting to show bearish signals.

While Bitcoin is being sold off, it seems like Ethereum is holding its ground, but a closer look reveals that the RSI is around 49, with resistance at higher levels. The MACD bars are also shrinking, indicating a high likelihood of a correction from here. If the daily closes below $3,500, a pullback toward the $3,000 psychological level should be considered.

Conversely, if it closes above $3,500, short-term buyers are likely to maintain the advantage. Currently, it's a tug-of-war around $3,600, and the next few hours will be critical. The 4-hour chart remains bullish, so it's not definitive, but caution is advised.