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Ethereum's recent market trend needs to be carefully analyzed. In the short term, high-level oscillations with sharp rebounds and subsequent pullbacks are quite common, but the key is to recognize what kind of correction this actually is.
From the 4-hour perspective, the bullish structure is still intact, and the moving averages are trending upward. The important point is that during the pullback, the price did not break through the key trendline, indicating that there is support below holding the line. If this is just a normal correction after an upward move and not a sign of a top, then the approach would be different.
Looking at the 1-hour chart, it's quite interesting. The highs are continuously getting higher, which looks promising. But the problem is—resistance at the 3300 to 3320 level has been tested multiple times. Although trading volume is increasing, the continuation is weak. This is a position where short-term traders love to take profits, which can cause some bottleneck.
Now, examining support levels: 3230 to 3250 is the retracement zone on the 1-hour chart. If this level holds, it signals that the market remains relatively strong. Further down, the 3180 to 3200 range is even more critical—this is both a trend level on the 4-hour chart and an area with dense moving averages, giving it a dual role. This is a defensive line that the bulls must hold. Once broken, the bullish outlook will need to contract significantly.
Therefore, the current strategy is very clear: avoid chasing highs and wait for a low-level entry to buy in is the best approach.