Ethereum Market Analysis: Intense Volatility and Chip Redistribution
As the leader of altcoins, Ethereum often experiences daily fluctuations exceeding 10%. This round of decline exceeded expectations, with prices once dropping to around 3100, while facing significant resistance during the rebound.
This intense market volatility has made many investors victims of 'wash trading', with a large amount of chips being redistributed. Currently, attention should be focused on the following key ranges:
- Upper resistance level: 3580-3650
- Lower support level: 3350-3280
