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In the latest developments of the crypto assets market, Ether has once again showcased its remarkable performance. Currently, the price of Ether hovers around 3830 USD, displaying a synchronized fluctuation trend with Bitcoin. However, it is noteworthy that Ether often shows a stronger momentum than Bitcoin during pumps, especially in afternoon trading, where its rise is particularly astonishing.
From a mid-term perspective, Ether currently shows a strong upward trend, with no signs of a pullback. Although technical indicators suggest that the market may be in an overbought state, and the resistance level at $3860 is restricting further pump, the coin price still maintains a strong stance.
In the short term, Ether has successfully broken through previous resistance levels, and the Bollinger Bands indicator also shows a clear upward channel. Currently, the coin price is above the upper Bollinger Band, which is generally regarded as a strong bullish trend signal. Next, investors should closely monitor the key resistance level of $3860. If this level can be successfully broken, Ether is likely to challenge the previous high of $3940 and may even set a new record.
In this cryptocurrency market full of opportunities and challenges, the performance of Ether undoubtedly brings new expectations for investors. However, we should also keep in mind that the cryptocurrency market is subject to significant fluctuation, and investors need to consider all aspects comprehensively when making decisions, while always maintaining a cautious attitude.