This morning, the Ethereum market showed a trend in sync with Bitcoin. In the short term, short positions dominate the hourly movements, and the downtrend may continue.

Market key price level analysis shows that the current resistance range is between 3680 and 3730, while the support level is between 3550 and 3580. These price levels will be important reference points that traders need to pay close attention to.

In light of the current market conditions, it is advisable for investors to maintain a cautious attitude. If the price rebounds to the 3680-3730 range and shows clear signs of resistance (such as a bearish candlestick or insufficient trading volume), one may consider shorting at an opportune moment. However, risk control is crucial, and it is recommended to set the stop-loss above 3750, ensuring that the stop-loss for each trade does not exceed 2% of the total capital.

For the take-profit strategy, you can first focus on the price level of 3580. If the price drops below this level, you can move the stop-loss level down to 3600 and continue to monitor the performance of the 3550 support level.

It is worth noting that the cryptocurrency market is highly volatile, and investors should make prudent decisions based on their risk tolerance and investment goals. At the same time, closely monitoring market dynamics and macroeconomic factors, and adjusting strategies in a timely manner is also a wise move.