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The recent performance of the Ethereum (ETH) market is noteworthy. Technical Analysis shows that a golden cross pattern may appear on the 12-hour chart, which is worth investors' close follow. At the same time, the 4-hour and 6-hour time frames seem to have formed a bottom support, which may indicate a rebound opportunity in the short term.
However, investors should also be aware of the possible adjustments at the 3-hour level and the potential high points on the 30-minute chart.
From a price perspective, the upper resistance levels for ETH are 3724, 3746, and 3770 USD, with the ultimate resistance potentially extending to 3808 USD. The lower support levels are at 3683, 3661, 3624, and 3580 USD.
For trading strategies, it is recommended that investors remain cautious and wait for clear market patterns to emerge before taking action. At the same time, setting appropriate stop-loss orders is key to risk management.
It is important to emphasize that the cryptocurrency market is highly volatile, and investors should make decisions based on their own risk tolerance, and should not regard this analysis as investment advice. Continuously follow market dynamics and flexibly adjust strategies to maintain an advantage in this market full of opportunities and challenges.