This Wednesday, the Ethereum market (ETH) showed a fluctuating upward trend. In the early session, ETH found support around $3542 and slowly climbed to the $3580 range. Subsequently, the market experienced a strong pump, with the price briefly reaching a high of $3661. However, due to insufficient upward momentum, ETH could not maintain its high position and fell back to around $3610 for consolidation.



In light of the current market conditions, traders may focus on buying opportunities in the $3620-$3600 range. If ETH can effectively break through this range, it may further test the $3650-$3700 area. However, investors should remain cautious, closely monitor market changes, and manage risks effectively.

It is worth noting that the cryptocurrency market is highly volatile. Investors should fully understand the relevant risks before making any investment decisions and allocate their assets reasonably according to their own risk tolerance. At the same time, it is important to continuously monitor the macroeconomic environment, regulatory policy changes, and industry developments, as these factors can significantly impact the price of ETH.
ETH-1.84%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
OvertimeSquidvip
· 08-08 20:19
It has started to go on endlessly again.
View OriginalReply0
NFTRegretfulvip
· 08-06 14:46
Big brands Be Played for Suckers, small suckers buy-in point
View OriginalReply0
FlashLoanKingvip
· 08-06 07:47
With this little rise, you analyze all day.
View OriginalReply0
MEVictimvip
· 08-06 07:42
Long positions are just waiting to be played people for suckers.
View OriginalReply0
TokenToastervip
· 08-06 07:34
Once it breaks 3700, there will be a big market movement!
View OriginalReply0
BoredWatchervip
· 08-06 07:28
Tsk tsk, drawing BTC again.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)