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The Ethereum (ETH) market is showing caution today, with insufficient long positions momentum. There are still uncertainties in the market direction on Friday evening, and investors need to remain vigilant.
The current 4-hour chart shows that ETH may encounter resistance in the range of $3700-$3750. If it breaks through this range, it could release more upward potential. In the short term, around $3660-$3680 may form a resistance level, while the $3600-$3580 area may provide support.
Given the current market environment, it is recommended that investors adopt a prudent strategy to avoid excessive risks. Small position exploratory operations may be wiser, especially when market fluctuations may intensify over the weekend.
It is worth noting that the recent trading volume of Ethereum has surpassed that of Bitcoin, a phenomenon that has attracted widespread attention in the market. This may suggest a potential change in the landscape of the cryptocurrency market, and investors should closely monitor the sustainability of this trend and its possible implications.
For investors currently in a trapped position, it is crucial to remain patient and calm. The market is always full of opportunities, and the key lies in seizing the right timing and strategy. Continuously monitor market dynamics and adjust your investment portfolio accordingly to find a breakthrough in a volatile market.
Regardless of how the market changes, risk control is always the key to investment success. Investors are advised to fully assess risks and set reasonable stop-loss levels before making any trading decisions to ensure the safety of their funds.