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In the Crypto Assets market, the price movement of Ethereum (ETH) has always been the focus of investors. Recently, we observed that ETH fell from 3730 points to around 3600 points, a drop of more than 100 points, nearly returning to the starting point of this round of rise.
This pullback may provide a potential buying opportunity for short-term traders. Based on the current market situation, building positions within the range of 3590 to 3610 might be a good choice. From a technical perspective, there is a high likelihood that ETH will rebound to 3640 points, and it may even break above 3670 points.
For investors who do not want to miss potential rise opportunities, entering the market around 3610 points can also be considered. However, my personal view is that I might look for an entry point around 3590 to achieve a better risk-reward ratio.
Of course, the crypto assets market is highly volatile, and investors should conduct thorough research and risk assessment before making any decisions. In addition, the market is ever-changing, with new variables potentially emerging at any moment, so it is crucial to maintain vigilance and a flexible trading strategy.
Regardless, in the current market environment, closely following the price movement of ETH and making informed decisions based on your own risk tolerance and investment goals will be key to seizing potential opportunities.