New signal from Ethereum! Where is the next outbreak point for ETH?

The recent price trend of Ethereum (ETH) seems intriguing. In the market turmoil, ETH seems to be accumulating strength for the next big market. So, is it still worth buying now? Let's take a look at the key data and signals.

Current trend of ETH: consolidation and accumulation, ups and downs?

Current price range: $2910-3340.

Support level: $2749, if it falls below, it may continue to test a lower $2320.

Resistance level: $3606, after breaking through, it may hit $4034, with an upside potential of more than 20%.

Currently, ETH's RSI (Relative Strength Index) is about 48, indicating that market sentiment is neutral. The short-term 10-day moving average is close to the long-term 100-day moving average, indicating that the market is at a critical choice point.

Why is ETH worth paying attention to?

1. Ethereum's ecological value: As the world's largest smart contract platform, Ethereum's Layer2 expansion (such as Arbitrum, Optimism) and new protocols are attracting more and more developers and funds.

2. New opportunities brought by ETH 2.0: Since the merger, Ethereum has successfully switched to PoS (proof of stake), the inflation rate has dropped significantly, and the number of staked ETH has continued to hit new highs. This pattern of reduced supply + increased demand is expected to push up prices.

3. Macro benefits: The Federal Reserve has slowed down the pace of interest rate hikes, market liquidity has rebounded, and ETH and other mainstream currencies have benefited significantly.

The next key point: How do you view the trend of ETH?

1. Short-term focus: Breaking through $3,606 is the key. If it fails to break through, it may continue to fluctuate.

2. Long-term logic: ETH's decentralized finance (DeFi) and NFT ecology are still prosperous, and the second place in the world's market value is temporarily difficult to shake, and the long-term bullish trend remains unchanged.

ETH is currently at a crossroads. For short-term players, you can consider chasing the rise after breaking through the key resistance level; for long-term investors, the current period of volatility may be a good time to gradually build positions.

Remember: the bull market is always reserved for those who are patient, and early layout is often the first step to profit.

The test of the bull market is not only the rise and fall of the market, but also a test of our mentality. In the face of changes in the account, we must remain rational. Next, I will announce the next ten-fold potential coin inside!It is better to grasp it than to guess blindly! Like + leave a message, free sharing. $ETH $BNB $XRP #谁将成美SEC新主席？ #BTC创历史最大月度涨幅 #比特币突破10万？ #XRP与SEC新局面 #现任美SEC主席将于1月离职