Recently, the Ethereum (ETH) market experienced a sharp fall, sliding from a high of $3878 down to around $3353. This intense price fluctuation fully reflects the high-risk characteristics of the Crypto Assets market.

Currently, the ETH price is hovering around $3350, and market participants are generally focused on whether this key support level can hold. From a technical perspective, $3353.51 is an important Fibonacci retracement level and a significant psychological barrier for investors. If this level is breached, the market may panic further, potentially pushing the price back down to the area below $3000.

Looking back at the process of this decline, the ETH price has continuously broken through several important support levels, including key prices such as $3765.76 and $3677.64. Although there were brief rebounds during this period, the pressure from the moving averages above is evident, and the rebound strength is insufficient, presenting typical characteristics of a weak market.

In terms of the current market situation, a technical rebound may occur in the short term, but investors still need to remain cautious. The existence of multiple resistance levels such as 3477.29 dollars, 3553.87 dollars, and 3615.76 dollars makes it difficult for ETH to break through without significant positive news.

For the future market direction, market participants suggest closely monitoring the performance of the 4-hour K-line chart. If the closing price falls below the support level of $3353.51, it may indicate that a deeper adjustment is imminent. In this highly uncertain market environment, investors should rationally view short-term price fluctuations, manage risks effectively, and avoid blindly chasing gains or cutting losses.

Overall, the high fluctuation of the crypto assets market brings both opportunities and risks. Before making any investment decisions, it is recommended that investors comprehensively assess the market conditions, consider their own risk tolerance, and develop suitable investment strategies.