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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.