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#美国ADP就业数据表现超出市场预期 Ethereum is currently hanging around the 3418 level, sliding down from the highest point of 3647 today, a decline of about 6.3%. The lowest was 3403, which is basically the short-term oversold support.
I monitored the 15-minute candlestick chart. After continuous sharp drops earlier, the volume has decreased, and the downward momentum has clearly slowed. There are signs of a small rebound, but it hasn't broken through the resistance above.
In this situation, 3400 is a short-term support level that can hold, while 3480 is the hurdle to overcome. If it can stabilize above 3480, a recovery to around 3550 shouldn't be a problem.
Personal trading idea: $ETH Consider shorting in the range of 3450 to 3490, targeting around 3350.