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Ethereum (ETH) has recently been testing key support levels frequently, attracting market attention. From the daily chart, $3200 has become a key price point. If ETH can firmly hold this level, we may see it gather strength to challenge the resistance area at $3400. However, investors should also remain cautious; if ETH falls below $3150 on high trading volume, it may further dip to the round number of $3000 in the short term.
On the technical side, the MACD indicator shows that bearish strength is weakening, which may suggest a potential shift in market sentiment. However, we still need to wait for ETH to break through the current downtrend line to confirm this strengthening signal.
For trading strategies, you can consider the following two options:
1. For traders with a higher risk tolerance, a small long position can be established near $3200, with a stop loss set below $3150 and a target price range set between $3350 and $3400.
2. More conservative investors can wait for ETH to break through $3300 with high Trading Volume support and enter the market during a pullback. Another option is to establish a short position during the rebound after ETH dips below $3150.
Regardless of the strategy chosen, it is essential to remember to reasonably control the position and closely monitor the market fluctuations that may arise from changes in macroeconomic sentiment. The correlation between the cryptocurrency market and traditional financial markets is increasingly strong, and global economic events may have a significant impact on the price of ETH. Additionally, the technological advancements of the Ethereum network, changes in the regulatory environment, and the attitudes of institutional investors are all factors that require continuous attention.