$ETH

ETH price analysis: The bull-bear game is fierce, and the key points have attracted attention!

Brothers, the recent trend of Ethereum is a bit exciting! Since November 23, the price of ETH has fallen back from the downward trend line, but the good news is that the bulls are very resilient, and there is money buying at low prices every time the callback. So, what will happen next? Let's take a look!

Current trend: Bulls fight the downward trend line again

Currently at a critical juncture, the bulls are trying to break through the downward trend line again. If this breakthrough is successful, it means that the trend may turn from falling to rising, and the bulls will usher in a good market.

Target price: After the breakthrough, the price is expected to rebound quickly to $3,900, and even further hit $4,094.

Pressure range: However, brothers, don't be happy too early. There is a strong resistance zone between $3,900 and $4,094, and the bears are expected to hold on here.

Downside risk: Support is crucial

If the price is suppressed by the trend line again, it may adjust downward in the short term. The key points are as follows:

20-day moving average ($3157): This is the first line of defense that bulls must defend, and a break below it may trigger panic selling.

Support below $2850: If the 20-day moving average is lost, the price may continue to fall to the key breakthrough level of $2850.

Operational suggestions

When the price breaks through the downward trend line and stabilizes, you can try long orders with a light position, with a target of $3900 and a stop loss below the 20-day moving average.

If the price falls below the 20-day moving average, you can consider shorting at a high level, with a target of $2850 support.

Long-term investment:

If ETH can stabilize the 20-day moving average and gradually rise, you can add positions in batches during the callback.

To sum up in one sentence: Ethereum is currently in a fierce tug-of-war between bulls and bears. The key in the short term is to see a breakthrough in the trend line; in the long term, we must pay attention to the 20-day moving average and the $2,850 support. Brothers, remember, stability is king!