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🔍 Ethereum analysis (ETH) — Today
ETH is trading at around $3,600 after a decrease of nearly -8% compared to the previous session. The inflow of ETFs and institutional investors is slightly withdrawing, causing liquidity and market sentiment towards ETH to weaken.
The current key support zone is around $3,500-$3,700; if this zone is lost, the possibility of a deeper correction to around $3,000-$3,200 exists. Meanwhile, if ETH bounces back and surpasses the $3,900-$4,000 zone, the opportunity for a recovery to $4,400-$4,600 may arise.
Technically, ETH is in a "consolidation" state after the sharp decline - we need to observe trading volume and price action around the support area to confirm the next trend.
Proposed strategy: if you hold ETH, you should hold if the price remains above ~$3,500 and limit increasing your position at this stage; if you want to enter new positions, wait for the price to pull back to the support area and then gradually enter with lower risk.
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