Today’s ETH market analysis:
Today's market dynamics show that although the ETH price has just tentatively inserted a price of 3538, it failed to break through the support level of 3530. This support level appears to be quite solid, and the market needs to accumulate enough pressure if it wants to break this balance. The current trend of the market shows a slight downward adjustment trend, which is a common way of market fluctuations. Looking at the chart, the current shock range is between 3540 and 3570.
Looking ahead to tomorrow, the drop in ETH price is not expected to be too dramatic, given that market activity is typically lower on weekends. Looking back at the fluctuations from yesterday's 3687 to today's 3550, the market has experienced an adjustment of nearly a hundred points. According to market trends and technical analysis, the price is expected to test further downward, possibly to another level near 3,500.
From a Fibonacci perspective, the current market has formed two downward trends. This indicates that the price will have a small downward trend, and then there may be a rebound. In this dynamic market, investors need to remain vigilant, buckle up, and be prepared to follow the market's racing volatility. It should be emphasized that the above analysis is only personal opinions and suggestions, and decisions should be made based on one's own judgment and market conditions. #ETH🔥🔥🔥🔥