Not gonna lie, ETH appears quite bearish.
It has breached the 4-hour trendline and fallen below the 3470 zone, now testing it for a potential reclamation.
If ETH fails to reclaim the 3470 zone, indicating continued weakness, we may witness a further price decline.
In such a scenario, the next significant support level to watch for is around 3300.
Monitoring these key levels closely will provide valuable insights into the short-term direction of Ethereum's price movement.
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