$ETH

ETH Price Analysis: Bull and Bear Battle, Key Support and Resistance About to Make a Decision!

Brothers, ETH has been a bit volatile recently. The closing price on December 21 directly fell below the 50-day moving average (3430 USD), which means sellers have temporarily gained the upper hand. Although the bulls want to fight back, there’s a big mountain ahead: the 20-day moving average (3594 USD) is waiting for them, and it is expected to become a strong defense line for sellers. If the price falls below and declines significantly, bears may push ETH down to around 3000 USD, or even further down to the 2800 USD range. However, there’s no need to worry too much; buyers will firmly defend the 3000 USD to 2800 USD area, and there is still a chance for a rebound.

However, if the bulls break through the 20-day moving average and close above it, sellers may lose control, and ETH may regain its upward momentum, challenging the resistance level of 4093 USD above. Brothers, keep a close eye on this price range.

In summary: Currently, focus on the response of the 20-day moving average; a breakout may lead to an upward trend, while failure means preparing to face a bear attack!