Ethereum is currently trading near a key resistance level. After rebounding around 3480 in the early morning, it has been retreating. Technical indicators show that short-term momentum is strengthening and a bullish resonance signal has formed, but trading volume remains low, and trend indicators are still in a bearish alignment. Overall, the market trend is not yet clear. Whether the resistance level is broken will be crucial in determining the next direction. The medium-term outlook still faces pressure, so the strategy is to primarily short on rallies.

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