The position of Ethereum is quite critical. If it continues to drop, it will reach the fluctuation range from a month ago. Currently, this position is also the support tested after the accelerated rise that broke through at the end of November.

Now, it has already fallen below the support level twice. Once support turns into resistance, it may not be very favorable for the market development. Watch for 3050-3150 below and 3400-3550 above.