Ethereum's recent performance has drawn attention. After probing the bottom, long positions are gradually gaining the upper hand, and the market's bottom is slowly rising, which is undoubtedly a positive market signal.



However, the market trend is not smooth sailing. In today's early trading, Ethereum rebounded after reaching the support level around $3650, but then encountered resistance in the $3730-$3750 range. The existence of this resistance level may lead the market to enter a phase of consolidation and adjustment in the short term.

Investors need to closely follow market trends. If Ethereum cannot effectively break through the resistance range of $3730-$3750, there is a possibility of a pullback to the next low of $3550, or even a drop to the low support of $3300.

For trading strategies, adopting a cautious approach in the $3730-$3750 range may be a wise choice. However, each investor should develop a personalized trading plan based on their own risk tolerance and investment goals.

Overall, Ethereum is currently at a critical moment. A breakthrough of the resistance level could trigger a new round of increases, while a failure could lead to further pullbacks. Closely following market trends and managing risks appropriately will be a wise move for investors in the current market environment.
ETH3.08%
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CafeMinorvip
· 08-07 10:52
Long positions are being crushed again. When will it end?
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WhaleWatchervip
· 08-07 10:51
See another turning point, let's discuss it after a wave.
View OriginalReply0
MysteriousZhangvip
· 08-07 10:43
Slowly take your position.
View OriginalReply0
ProofOfNothingvip
· 08-07 10:41
All in eth就对了 all in
View OriginalReply0
blockBoyvip
· 08-07 10:38
Is this bottom really reliable?
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