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The price of Ethereum (ETH) has recently performed remarkably, although it failed to break through the $3300 mark the day before yesterday, it successfully reached this important psychological level yesterday. However, market participants are generally concerned about whether this price level has really hit the bottom.
Some analysts believe that the upward momentum of Ethereum may continue, and a target price of $3600 is not out of reach. For investors, this may be a suitable time for small-scale positions. If the price of $3600 can hold firm, this bull market is likely to continue, and a significant pullback is unlikely.
In addition to Ethereum, the market should also pay attention to several other potential projects, such as OM, SUI, SOL, FUN, and Bitcoin (BTC). These projects may also perform well in the recent rebound of the cryptocurrency market.
However, investors should also be vigilant about external factors that may affect the market. For example, changes in U.S. policy, such as tariffs, may impact the cryptocurrency market. Therefore, when making investment decisions, it is essential to consider the overall market environment and various influencing factors.
Overall, the cryptocurrency market is in a phase filled with opportunities and challenges. Investors should maintain a cautiously optimistic attitude, closely monitor market trends, and implement risk management.