Ethereum price falls below $3,680, may continue to fall to $3,150

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Ethereum (ETH) price continued its decline, failed to break through $3,680, and continued to fall. ETH price once fell below $3,650 and hit a low of $3,324. The price is currently consolidating the decline.

Ethereum technical analysis: resistance and support positions

Currently, ETH faces strong resistance, with the key resistance at $3,650. If this resistance is broken, it may test the upside targets of $3,715 and $3,800, and further rise to $3,880 or even $4,000.

However, if the $3,650 resistance is not broken, the ETH price may continue to pull back. The initial support is at $3,350. If it falls below the $3,320 support, it may further fall to $3,250 and $3,150, and may eventually challenge the key support of $3,050.

Ethereum is currently facing great downward pressure. If it fails to break through the key resistance level, it may continue to fall to a lower support range. Investors should pay attention to the support levels of $3,320 and $3,150, especially after breaking these supports, it may fall further.

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