Ethereum price trend analysis: Aiming at $3,320, the bottom pattern is emerging

Ethereum seems to be building a bottom above $2,820 in recent prices, showing signs of recovery. Market analysts generally believe that once the resistance level of $3,160 is broken, the price of Ethereum is expected to advance to $3,320.

From the technical chart, Ethereum is currently showing signs of stabilization above $2,880 after a period of correction. The price not only stands firmly above $3,000 and the 100-hour simple moving average, but also successfully breaks through a key bear trend line on the hourly chart, which once formed resistance near $2,960. This breakthrough is seen as a positive signal that the market may turn to bulls.

Ethereum's price trend shows that after a period of consolidation, the market may be brewing a wave of rising prices. The price not only broke through the key resistance level, but also continued to test higher levels. If Ethereum can successfully stand above $3,160, the market's bullish sentiment may further heat up.

Judging from the current market structure, Ethereum's next important resistance level is around $3,150. Once this level is broken, the price is expected to further challenge $3,200, or even higher at $3,320. Analysts believe that if Ethereum can continue to maintain its upward momentum and successfully break through these key resistance levels, the price is expected to usher in a broader upside space.

However, the market is always full of variables. If Ethereum fails to effectively break through the resistance level of $3,150, then the price may fall into a correction again. In this case, the initial support level of the market is around $3,020. And if the price falls further, $2,960 will become a key support level.

In terms of technical indicators, MACD (moving average convergence divergence) shows that Ethereum's upward momentum is increasing, and RSI (relative strength index) has also rebounded above 50, indicating that the buying power of the market is gradually gaining the upper hand. #BTC下跌分析 #币安合约锦标赛