The Ethereum (ETH) market is at a critical moment, with investors closely following its price movement. Currently, ETH is facing downward pressure in the $3780-3795 range, which could become a short-term selling opportunity. If the price breaks through $3820, it could trigger a new round of rise.

On the other hand, the $3700-3720 area may become a potential buying opportunity. If ETH falls below $3680, investors may need to reassess the market direction. Market participants expect that if a rebound occurs, ETH may rise towards the $3770 or even $3800 area.

It is worth noting that recently the trading volume of Ethereum has surpassed that of Bitcoin, indicating strong interest from investors in ETH. At the same time, reports suggest that certain institutional investors are adjusting their cryptocurrency portfolios, which could impact the market.

Overall, the Ethereum market is still full of opportunities and challenges. Investors should closely follow the key price levels mentioned above and adjust their strategies in a timely manner based on market changes.