ETH/USDT Price Analysis and Bullish/Bearish Direction

Support Levels:

• $3,300: Short-term support; breaking below will test $3,120.

• $3,120: Key support area; holding above is expected to lead to a rebound.

Resistance Levels:

• $3,450: Short-term resistance; breaking above will challenge $3,600.

• $3,600: Medium-term resistance level; breaking above may shift market sentiment to positive.

Technical Analysis:

• MACD indicator shows weakening bearish momentum; may enter a consolidation phase.

• Trading volume has significantly decreased, with a strong wait-and-see sentiment.

Bullish/Bearish Prediction:

• Short-term sideways: Expected to consolidate in the $3,300-$3,450 range.

• Medium-term bullish: If $3,300 holds, breaking above $3,450 could trigger a new wave of upward momentum.

Trading Suggestions:

• Long Position: Gradually enter near $3,320, target $3,450, stop loss at $3,290.

• Short Position: Lightly attempt near $3,450, target $3,300, stop loss at $3,470.

Summary: The market is in a strong wait-and-see sentiment; pay attention to the performance of key support and resistance levels.

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