The Ethereum (ETH) market has shown concerning performance recently. The current rebound strength is insufficient, causing some worry among investors. From a technical perspective, ETH seems to have entered an accumulation phase after a significant fall. It is noteworthy that the price range around $3800 has already experienced four fluctuations, and the liquidity in this area may have become exhausted. The market may need to look for new price ranges to continue filtering investors.

If the price falls below the current support, the next key support level may be around $3666. However, in such a highly volatile market, it is not advisable to take risks with breakout trades, as the risk-reward ratio is not ideal, and the main players often create false moves to mislead investors.

In the current market situation, there are still multiple support levels, which means that opportunities and risks coexist. Only those brave investors can seize opportunities in such a market environment. Investors need to remain vigilant, closely monitor market trends, and manage risks effectively.

Overall, the ETH market is at a critical turning point. Investors need to be cautious, maintaining a wait-and-see attitude while being ready to seize any opportunities that may arise. In this uncertain market, it is crucial to remain calm and rational.