Recently, the movements in the Ethereum market have attracted widespread attention. ETH has fallen from a recent high of around 3850 USD to around 3650 USD, experiencing a pullback of about 200 points. Will this pullback stop at 200 points like the last time? It is worth paying close attention to for market participants.

Currently, the price of ETH is at a support level on the daily chart. $3680 has become the focal point for both bulls and bears, and whether this key price level can hold will have a significant impact on the future market direction. If ETH can stabilize at this level, a short-term consolidation may occur to build momentum for the next move.

If ETH can break through the current resistance and regain its upward momentum, there is a possibility of a push towards $4000 or even higher. However, it is also important to be wary of potential pullback risks in the market.

In this market environment full of uncertainty, investors should remain rational, closely follow market trends and changes in technical indicators, and adjust their investment strategies in a timely manner. Ethereum, as an important participant in the cryptocurrency market, its trend not only affects its own investors but may also have a ripple effect on the entire digital asset market. Regardless of the final outcome, this pullback has undoubtedly brought new thoughts and opportunities to the market.