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Tonight, the US Non-farm Payrolls (NFP) data will be released, and market attention is high. Ether has shown weak performance recently, and the $3600 support level has been broken, with technical indicators suggesting a possible entry into the third wave of decline. It is currently in a sub-wave of the third wave, and the downward trend is expected to accelerate.
If the Ether price does not show a significant rebound after the US Non-farm Payrolls (NFP) data is released tonight, it may face a deeper correction next week. Analysts expect the subsequent price to stabilize in the $3300-$3200 range, accumulating momentum for the fourth wave rebound. However, the current market has not yet bottomed out, and investors need to remain cautious.
At this time, it is not advisable to blindly bottom fish or expect a V-shaped reversal. The market rhythm changes rapidly, and investment decisions need to keep pace with the market. Overly delayed judgments may lead to unnecessary losses. It is recommended that investors closely follow market trends, analyze rationally, and adjust strategies in a timely manner.