$ETH

ETH price analysis: key support becomes the focus of the long-short confrontation!

Brothers, ETH is now at a critical node! The price has fallen to the support level of $3260. If this position cannot be maintained, the bears may further pressure and drag the price to $3038, which is the position of the 200-day moving average. And this 200-day moving average is not simple. It resonates with the previous natural correction low. Once it falls below, ETH may be at risk of falling directly to $2800.

But don't panic, if the bulls can rebound strongly at the current support level, there is still hope! In the short term, ETH will face the suppression of the 50-day moving average ($3436) and the 20-day moving average ($3680). Pay attention, these two positions may be the key points for the bears to start selling. If the bulls want to reverse the situation, they must break through these suppression ranges in one go.

Strategic advice: If you see that $3260 stabilizes and rebounds, you can consider buying low to bet on a rebound; but if it falls below $3260, you must be cautious and do not rush into the market. Wait until there is a more stable support before taking action. After all, winning with stability is the kingly way!