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The cryptocurrency market saw a significant rebound yesterday, with Ethereum performing particularly well, briefly climbing to a high of $3735. This upward trend has triggered a buying frenzy among many investors; however, the current market situation still requires cautious handling.
At such a high level, Ethereum may face pullback pressure at any time. Although the upward momentum is strong, it is difficult to break through the current high point. Investors should closely monitor possible retracements, with $3600 and $3550 being potential support levels.
It is worth noting that this wave of rebound in the cryptocurrency market occurs against the backdrop of a complex global economic environment. Although some altcoins have also followed Ethereum's rise, there remains overall uncertainty in the market.
For investors who intend to enter the market, it is crucial to remain rational at this time and avoid blindly chasing high prices. Market fluctuations can change rapidly, and the risks of entering at high levels cannot be ignored. On the contrary, patiently waiting for potential correction opportunities may be a wiser choice.
Overall, while Ethereum's strong performance is encouraging, investors must remain vigilant, manage risks, and operate cautiously. In this market filled with opportunities and challenges, it is crucial to stay calm and rational.