The current price is 3026, with medium to long-term moving averages both showing a downward trend, forming a strong resistance zone. The inability to effectively break through the moving average resistance indicates that the larger bearish trend remains unchanged, and the rebound is merely a short-term correction.
Suggestion
Around 3050-3100, target 3970, 3870
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12.1 ETH Morning Thoughts
The current price is 3026, with medium to long-term moving averages both showing a downward trend, forming a strong resistance zone. The inability to effectively break through the moving average resistance indicates that the larger bearish trend remains unchanged, and the rebound is merely a short-term correction.
Suggestion
Around 3050-3100, target 3970, 3870