Ethereum Trend Deep Insights😉
For Ethereum, the current key level we need to focus on is $3550, which is a crucial defense line. If it breaks below this level, the market is likely to turn bearish.🥳
Currently, Ethereum is in an upward phase, so where will it go next?
We use the Fibonacci tool to explore its key resistance levels, and after some analysis, we find that the next key resistance level is around $3720.🤪🤪
Further observing the dense distribution of chips, interestingly, when the price breaks above $3718, which is close to $3720, there is a large “vacuum zone” of chips above.
This means that above this area, the resistance is relatively small, but from another perspective, if the market changes later, the lack of chip support here could easily lead to a significant downward space.
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