This level is also key support and past resistance which adds to the strength of this level and its chances of holding.
On the 4H-1D timeframe, we can see formation of an inverted head and shoulder pattern. Should this hold, it may contribute to the formation of the right shoulder and allow price action to reach prior short-term highs and may even result in further highs to $4400+.
In summary, there is a strong chance that this level will hold and we head further up although we haven't made a higher high.
I am currently in a position averaging at $3625 and have a stop-loss upon a 4H/1D close below this $3600 region. Closing below this region will open possibilities of prices heading down to and below the 3100 region.