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The recent performance of Ethereum (ETH) prices has been noteworthy. Despite market rumors that ETH reached $4150, the actual low was only $4153. Market analysts point out that the closer the ETH price gets to the $4150 mark, the greater the possibility of a rebound.
Earlier, there was a trading suggestion to go long near $4300. According to the latest market conditions, it is recommended to reduce half of the position and closely monitor whether $4150 will be breached. The performance at this price point will be a key indicator in determining whether ETH will enter a slight correction and consolidation phase.
For investors, the current ETH market presents a complex situation. On one hand, the support at the $4150 level still exists, while on the other hand, the market is also weighing the potential rebound risks. In this scenario, investors need to remain vigilant, closely monitor market trends, and flexibly adjust their trading strategies.
It is worth noting that the cryptocurrency market has always been highly volatile, and investors should act with caution when making any trading decisions, thoroughly assessing the risks. At the same time, continuously monitoring the macroeconomic environment, changes in regulatory policies, and the technical development of the Ethereum network, as these factors may have a significant impact on ETH prices.