$ETH

Daily trend, price analysis, and long/short direction judgment:

Price Analysis:

1. Current price: $3,334.98

2. Support levels:

• First support level: $3,100 (recent low point of this round of decline, with support strength)

• Second support level: $2,960 (MA(99) long-term moving average support, may rebound if touched)

• Strong support level: $2,750 (support area that may be touched during a larger range correction)

3. Resistance levels:

• First resistance level: $3,550 (support before breaking turned into a resistance area)

• Second resistance level: $3,780 (MA(7) moving average position, the short-term rebound may be significantly hindered)

• Strong resistance level: $4,100 (previous high point area, can only restore upward trend after breaking)

Long/Short Direction Judgment:

• Short-term direction: Clear bearish advantage. ETH price has continuously broken through MA(7) and MA(25), accompanied by a volume increase in decline, market sentiment is weak. If the $3,100 support is broken, it may further explore near MA(99).

• Medium-term direction: There is a high possibility of oscillating adjustments. MA(99) long-term moving average support is still effective, and there may be an opportunity to regain upward momentum after a pullback.

• Trading suggestions:

• Bullish strategy: Pay attention to stabilization signals in the $3,100 to $2,960 range, gradually build positions, aiming for $3,550.

• Bearish strategy: If it is blocked near $3,550 during the rebound, you can try a light short position, with a stop-loss set above $3,600.

Summary: Currently, maintain a wait-and-see approach, and choose the entry timing after the market sentiment becomes clearer.

【Welcome to follow, don't get lost. Every day we will analyze the trends and prices of mainstream coins and popular altcoins, wishing everyone wealth and a prosperous year together!】