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Recently, the Ethereum market has shown a short-term Rebound trend, and investors should closely follow the key price level of 3520 dollars. If the pullback on the 1-2 hour level does not break below this position, it may still maintain an upward trend in the short term. In this case, the next important target is the previous high of 3575 dollars. If this position is broken, it may continue to climb to the range of 3631-3680-3721 dollars, which may become potential profit-taking points.
However, if the 1-2 hour level breaks below the support level of $3520 today, the market may enter a short-term adjustment phase. At this point, $3465 will become the next important support level. If this level can be maintained, the market may still regain its upward momentum. However, if it continues to fall, investors should follow the range of $3411-$3365-$3320, as these positions may provide buying opportunities.
Overall, Ethereum is currently near a critical price level, and investors should remain vigilant and adjust their strategies in a timely manner based on price movements. Whether looking for long opportunities or guarding against downside risks, closely following the performance of the aforementioned key price levels will aid in making more informed trading decisions. Additionally, considering the high volatility of the cryptocurrency market, it is advisable for investors to operate cautiously and manage risks appropriately.