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Ethereum (ETH) has recently experienced a brief price pullback, a phenomenon that was expected by the market, reflecting that long positions investors are conducting strategic pullbacks to accumulate strength. Although there is a slight weakness in the short term, the overall market trend remains strong.
Currently, the price of ETH is experiencing a narrowing range of fluctuations, showing a trend of slow pullback and consolidation. From a short-term perspective, there may still be further pullback actions. Investors should closely monitor the strength of the rebound and carefully consider the timing for short positions.
For investors intending to trade, attention can be focused on the $3930-$3960 range, as this price level may provide a shorting opportunity. If a decision is made to act, the target price can be set in the $3800-$3700 range.
However, it is important to emphasize that the cryptocurrency market is highly volatile, and investors should conduct comprehensive market analysis and risk assessment before making any decisions. Staying vigilant and rational is crucial, and one should never blindly follow market sentiment.
As the market continues to evolve, maintaining a flexible investment strategy and ongoing market insights will be key to success. Whether seasoned traders or novice investors, everyone should always pay attention to market dynamics and weigh risks against potential returns.