ETH falls below $3,800

Ethereum (ETH) has plummeted, now falling below the key $3,800 mark. According to the latest data, ETH is currently trading at $3,798.67, experiencing a significant correction, having fallen as much as 13.37% over the past 24 hours, reflecting significant market volatility.

This decline may be related to factors such as adjustments in the overall cryptocurrency market, changes in the macro environment, and short-term capital outflows. As the second-largest cryptocurrency by market capitalization, Ethereum's price fluctuations often have a broad impact on market sentiment. The recent period of volatility indicates a fierce battle between bulls and bears, and investors should closely monitor key support levels.

Given the current significant increase in volatility, investors are advised to:

1) Maintain a reasonable position balance and avoid excessive leverage;

2) Set stop-loss and take-profit levels for effective fund management;

3) Monitor fundamental factors such as the progress of the Ethereum 2.0 upgrade and the overall development of the blockchain ecosystem.

The market is volatile, so please remain cautious.