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Ethereum (ETH) has been in the spotlight recently. After rebounding from a low of $3350 yesterday, ETH has shown strong momentum, reaching a high of $3515 at one point. It then experienced a brief pullback, finding support at $3450 and stabilizing before climbing again.
Currently, ETH is approaching the key resistance level of 3550 USD. If it can effectively break through this level, the market may further challenge the resistance levels of 3590 USD and 3630 USD. Higher positions of 3670 USD and 3730 USD are considered strong resistance.
In the short term, investors and traders should closely monitor the key price level of $3550. If ETH can hold steady at this level, it is expected to continue rising to $3600. However, if it fails to break through, market sentiment may turn cautiously optimistic.
It is worth noting that the trend of ETH is closely related to Bitcoin (BTC). If BTC falls below $114,000, it will be much more difficult for ETH to maintain its upward momentum on its own. Therefore, when making investment decisions, it is also necessary to consider the overall trend of the cryptocurrency market.
Overall, Ethereum is currently in a critical price range, and its future trend will largely depend on whether it can break through the $3550 level. Investors should remain vigilant, closely monitor market movements, and manage risks appropriately.