📊 Current Market Overview Price and Trends: ETH recently plummeted to around $3,050, followed by a rebound, with the current price around $3,400. The overall trend is still in a downward channel. Key technical level: Resistance level: $3,500 is a strong resistance level recently. If it can be effectively broken, it may open up the possibility to test $3,740 or even $3,800 upwards. Support level: $3,260 is a key support level in the recent period. If it is broken, it may drop to $3,150 or $3,050. Market Sentiment and Signals: Data indicates that the market may show signs of a potential bottom phase. For example, the SOPR indicator, which measures market profitability, has fallen below 1, suggesting that selling pressure may be easing. At the same time, there are significant short positions in the derivatives market; if prices continue to rise, it may trigger short covering, accelerating the rebound. 💎 Summary Overall, Ethereum shows signs of stabilizing after a deep pullback, but whether it can initiate a sustained rebound depends on its ability to successfully break through the resistance at $3500. If it fails, one should be cautious of the risk of a further drop to support.

ETH is still worth monitoring the support levels below to attempt a dip. Keep an eye on the support zones at 3,350-3,315 and 3,225-3,180. If the support holds within these ranges, there’s potential for a further decline of about 30-380 points before a rebound.

Australia sanctions North Korean hacker group, which is suspected of stealing approximately 1.8 trillion won in Crypto Assets last year. Among them, Park Jin-hyuk and the Lazarus Group are suspected of participating in ransomware attacks (a type of cyber attack that involves encryption of files on computers and other devices, demanding payment to restore the files). Kim Soo-gil, Andreyel, and North Korea Exhibition are suspected of conducting cyber attacks targeting international medical systems, nuclear power plants, think tanks, and other entities. All of the aforementioned sanctioned individuals have previously been sanctioned by authorities in South Korea, the United States, and others. The Australian Department of Foreign Affairs stated that according to a recent report released by the "Multinational Sanctions Monitoring Team (MSMT)" composed of 11 Western countries including South Korea, the United States, and Japan, North Korean cybercriminals, including these organizations and individuals, stole at least 1.9 billion Australian dollars (approximately 1.8 trillion Korean won) in Crypto Assets from global companies in just the past year. $BTC $ETH $BNB