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The recent performance of the Ethereum market is concerning, with prices showing a falling trend. Yesterday's market movement was indeed unexpected, leading to losses for many investors. However, this situation also provides us with an opportunity to reassess the market.
Currently, the price of Ethereum is hovering around 3600 USD, showing some resistance to falling. However, to confirm a real rebound, we need to pay attention to the key resistance range of 3720-3750 USD. If the price can break through and stabilize in this range on the 4-hour chart, it would indicate that the rebound has substantial strength.
On the other hand, if the price continues to fall, we should closely monitor the support range of $3640-3550. This range may become a key location for seeking long entry opportunities.
It is worth noting that the cryptocurrency market is constantly changing, and investors need to stay vigilant and adjust their strategies at any time. Do not be misled by short-term fluctuations, but rather focus on long-term value and development prospects.
For the current market, it is recommended that investors take a cautious approach and manage risks effectively. Consider gradually building positions near key support levels while setting stop-loss orders to control risk. Additionally, closely monitor market sentiment and changes in fundamentals to adjust investment strategies in a timely manner.
Finally, no matter how the market changes, maintaining learning and improving your investment ability is the key to long-term success. Let us look forward to the future development of the Ethereum market.