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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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Recently, the Ethereum ( ETH ) market has shown a volatile trend. After reaching a resistance level of $3624, the ETH price began to pull back, dipping to around $3590 at one point. Although the recent support point is close to $3568, a rebound followed, indicating that the bulls are still maintaining strong resilience.
Market analysts believe that $3600 may become a key support level in the short term. Investors can pay attention to this price level and make judgments based on their own risk tolerance. From the 15-minute candlestick chart, bulls still hold an advantage in the short term.
However, the cryptocurrency market has always been highly volatile, and investors should act cautiously when making any decisions, setting reasonable stop-loss levels to control risk. Additionally, closely monitoring market trends and macroeconomic factors is crucial, as these factors can significantly impact the price of ETH.
Overall, the Ethereum market is currently at a delicate balance point. Price movements around $3600 will provide important market signals for investors and are worth ongoing attention.