ETH's recent plunge is even more severe, with a straight drop of nearly 20 points; this market is truly tricky.

Right now, there’s no other way but to wait for various indicators to gradually recover and see if there will be an opportunity for an upward rebound.

For Ethereum, pay close attention to the newly formed lower points in the smaller timeframes, which are around 3150; on the upside, the key level to watch is 3350.

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