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Ethereum still follows Bitcoin's rhythm recently. The 24-hour decline isn't significant, but the 4-hour chart shows a relatively steady trend. More importantly, institutions are continuously buying through ETFs, indicating that large funds remain optimistic about the subsequent market. From this perspective, the opportunity for Ethereum to catch up is quite apparent.
The current price at 3287 can be considered for gradually building long positions, but you must think through the risk points before operating. The support level below is in the 3230-3260 range, and on the upside, 3340-3400 is a critical resistance. For long positions, it is recommended to set the stop-loss around 3200. If it breaks below this level, you should decisively cut losses and avoid overconfidence.
In the short term, the target can be set at the resistance zone of 3380-3400.
When trading live, a few details need attention: First, never over-leverage your position. Allocate at most 30% of your capital to a single asset to keep losses within controllable limits. Second, strictly adhere to your stop-loss points; once set, stick to them and avoid comforting yourself with hope. Lastly, slow down the overall trading rhythm, keep your position lighter, and give yourself room to react. Ultimately, it’s correct to see Ethereum’s recent move as a catch-up opportunity, but always fasten your seatbelt with a stop-loss. Don’t get overly optimistic about the pattern before confirming a breakout of key resistance.