The recent surge in ETH has suddenly reversed sharply; the path of ascent has been rocky for several days, while the decline has been rapid like a cliff.

Currently, the price has fallen back to the support level of the 4-hour moving average. We will observe the situation here and wait for the market to stabilize. Key support to watch below is around 3300, considering buying on dips; while above, the target is aimed at the 3520 area.

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