$ETH (Ethereum) is trading at $3,473.00, down -10.56% in the past 24 hours. This sharp drop indicates strong selling pressure, likely driven by broader market corrections or macroeconomic factors. Key support is near $3,400, where a potential rebound could occur. A recovery might target resistance around $3,600–$3,700.

Trading Recommendations:

Short-term traders: Watch for stabilization near $3,400. A bounce could provide a recovery trade toward $3,600–$3,700.

Long-term investors: Consider this dip an opportunity to accumulate if Ethereum holds above critical support levels.

Stay informed about market updates and Ethereum’s network developments, as they can heavily influence price action.