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Today, the Ethereum (ETH) market is showing a complex trend. From the 4-hour timeframe, the current stage has come to an end, and it is expected to enter an 8-hour adjustment period next. It is worth noting that recently, ETH briefly touched near the zero axis on the 8-hour chart.
Currently, the key support levels for ETH are in the ranges of 3604-3628, 2550-3530, and 3280 USD. The resistance levels above are concentrated around 3725-3755 and 2795 USD.
From a shorter-term 7-minute level, ETH is currently in a downtrend. However, if it can break through the zero axis on the 7-minute chart, we may see a wave of upward movement unfold. Overall, there is a possibility of a reversal in the current market, and a rebound may be on the horizon.
Investors should closely monitor changes in these key price levels and technical indicators while considering broader market factors when making investment decisions. The cryptocurrency market is highly volatile, and it is advisable for investors to remain cautious and manage risks effectively.