Ethereum's $2,500 defense battle: a deadly game between longs and shorts is about to begin!

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The trend of Ethereum (ETH) in recent days has been full of drama. From the high of $2,819 on August 24, it has fallen all the way to $2,388, and then a fierce battle for the $2,500 line has begun. The current candlestick chart shows that Ethereum's support near $2,500 is relatively tenacious, and the 5-day and 10-day moving averages are hovering in this area, but the trading volume has obviously shrunk, indicating that the market is waiting for further promotion from external factors.

From the perspective of the market, ETH's trend is highly linked to BTC, but its volatility is greater, and market sentiment is still cautious. The latest news about Ethereum's expansion plan, coupled with some uncertainties at the regulatory level, has further increased market tensions. At the same time, ETH's mainnet upgrade and the booming development of decentralized finance (DeFi), although long-term positive, may not offset the negative market sentiment in the short term.

Technically, $2,500 is the current key support level for Ethereum, and holding this level is the prerequisite for subsequent increases. If ETH can stabilize around $2,500 and with increased trading volume, it is expected to challenge the resistance level of $2,600 or even higher again. On the contrary, if $2,500 is lost, ETH may drop to $2,400 again, and there is even a risk of further testing $2,300.

The fate of Ethereum hangs on a thread, and the next few days will be critical. Be prepared, keep a close eye on market dynamics, follow Jiaoshou, and get more exclusive operation strategies. Let us welcome this fierce long-short game together!

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