Ethereum has faced numerous criticisms in the past few days, but its recent trend has shown a strong momentum. Especially after yesterday's 'big dip' market, it quickly stabilized and demonstrated a strong rebound strength.
In terms of the current situation, Ethereum's performance on the daily chart can be described as moving forward bravely. It saw a significant increase in volume yesterday, with prices breaking through the critical 3500 mark. Currently, the market is still operating around the key resistance level, maintaining prices steadily above 3400. However, this situation still depends on the direction of the exchange rate.
It is worth noting that yesterday's exchange rate rebound led to an increase in Ethereum's volume. Although the previously accumulated emotions were somewhat released, if the exchange rate continues to exert pressure, Ethereum's upward momentum may be somewhat limited. Therefore, we need to closely monitor the dynamics of the exchange rate to assess Ethereum's future trend.
Overall, Ethereum has shown strong performance recently, but it still needs to face various pressures when breaking through key positions. Its future direction depends not only on its own performance but is also greatly influenced by the exchange rate. For investors, when participating in the market, they should fully consider various factors and make informed decisions.