Recently, the Ethereum (ETH) market has shown a continuous downward trend, but multiple technical indicators suggest that it may soon reach a short-term low point. The current ETH price is hovering below $3700, and market observers point out that this could be a short-term "golden pit" area.

Analysis shows that ETH is near the lower edge of the Value Area, around $3671. This area has historically been a key support level for price fluctuations. At the same time, the Relative Strength Index (RSI) has reached an oversold level of 15, which usually indicates an increased possibility of a rebound. It is worth noting that the current buy order volume is 2.9 times that of sell orders, reflecting a strong buying intention in this price range.

However, there is still uncertainty in the market. The $3630-$3641 range is a key low volume node (LVN), and if the price falls below this range, it may trigger further declines. On the other hand, if the price can hold steady, then $3750-$3770 will become the next potential upward target.

For traders, the current market conditions contain both risks and opportunities. Conservative strategies may choose to wait for clearer reversal signals, while aggressive traders might consider attempting short-term operations at the current position. Regardless of the strategy adopted, setting reasonable stop-loss levels is crucial.

Overall, although the price trend of ETH remains unclear in the short term, several indicators suggest that the market may be in an oversold condition, providing potential entry opportunities for experienced investors. However, given the high volatility of the cryptocurrency market, investors should carefully assess the risks before making any decisions and formulate corresponding investment strategies based on their risk tolerance.