#Crypto2025Trends retraced from the 20-day EMA ($3,540) on December 25, and the bears frustrated a recovery attempt on December 27.

ETH could drop to immediate support at $3,200. This is a crucial short-term support level that must be monitored, as if it breaks, the pair could fall to $3,200 and eventually to $2,950. Buyers are expected to strongly defend the $3,200 to $2,950 zone