Ethereum ETH Adjustment Period, Key Support Testing

Market Analysis

ETH's current price is $3,878.28, with a 24-hour decline of 2.10%. Recently, Ethereum failed to stabilize after breaking through $4,000, experiencing a pullback, with trading volume slightly decreasing. The RSI indicator shows it is still in the bullish zone, but momentum is weakening. In the short term, the price may fluctuate around the current level.

Support and Resistance Levels

Support Levels

1. $3,850

2. $3,750

3. $3,650

Resistance Levels

1. $3,950

2. $4,000

3. $4,100

Short-term Trading Strategy

Long Strategy

• Entry Point: $3,850

• Add Position: $3,750

• Stop Loss: $3,650

• Take Profit: $3,950, $4,000

Short Strategy

• Entry Point: $3,950

• Add Position: $4,000

• Stop Loss: $4,100

• Take Profit: $3,850, $3,750

If ETH can stabilize at the $3,850 support, it may test the $4,000 resistance again in the short term; however, if it falls below $3,850, the pullback may extend to $3,750 or even $3,650.

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