ETH Market Analysis

ETH is too weak and has once again fallen to the lower support range, currently fluctuating around 3250. Strong support is near 3030, and this round of decline has dropped as low as 3150, close to the previous low.

From the four-hour level breakout situation, it is currently at the bottom of the upper consolidation range. The RSI indicator has shown oversold signals, falling out of the healthy zone, and is now gradually returning, with a nice turning point emerging, hoping to break through alongside BTC.

Key points to watch closely: focus on the 3030 area below and short-term attention on the 3440 resistance level above.

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