Ethereum (ETH) is currently priced around $3595, and the market is showing a fluctuating trend. From a technical perspective, the range of $3570 to $3542 may present a potential buying opportunity. Investors may consider gradually building a position within this range, increasing the position appropriately with every $20 decline.

If the price can break through the resistance level of $3615, it may initiate a new round of increase, with the potential to challenge the upper Bollinger Band at $3680. However, investors should also be cautious of downside risks; if a bearish candlestick appears and breaks below the support level of $3538, it could trigger further correction towards the vicinity of $3480.

For investors looking to build a position, the range of 3560 to 3580 USD may be an ideal entry point. To control risk, it is recommended to set the stop-loss level below 3540 USD. The initial upward target can focus on 3650 USD, and after breaking through, further attention can be directed to the previous resistance level of 3690 USD. If it can successfully break through 3700 USD, it may open up greater upward potential.

It is worth noting that the Ethereum ETF has shown a net inflow for 12 consecutive weeks recently, indicating that institutional investors remain optimistic about ETH. However, investors should also pay attention to the potential impact of macro factors such as changes in US policies on the cryptocurrency market. In the current market environment, maintaining a cautiously optimistic attitude and managing risks appropriately is the wise choice.