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Ethereum (ETH) has recently shown a rebound trend, but it is still in an uncertain position. The market has yet to confirm whether a true reversal has occurred.
Currently, the ETH price is facing significant resistance around the $3520 level, which is also a key structural point for the bullish-bearish conversion on the daily chart. If it cannot effectively break through this level, it may face the risk of a rebound.
From the support level, investors should pay attention to $3486. If this level is broken, the next key support levels are at $3410 and $3370.
In the case of an upward breakout, the important resistance levels are between 3515-3520 USD, 3550 USD, and 3578-3591 USD.
In the short term, the 9-hour chart shows that $3516 is an important resistance level. The 15-minute chart has shown a top divergence signal, which may indicate the depth of a pullback. If the price breaks below the current level, it may continue to decline.
It is worth noting that if the price breaks below $3350, the next support level will be at $3330, followed by the range of $3285-$3295, and finally the range of $3150-$3100.
Although there is still uncertainty in market trends in the short term, investors should closely monitor these key price levels to make more informed trading decisions. At the same time, attention should also be paid to the overall market environment and other factors that may affect ETH prices.