The Ethereum life-and-death catastrophe is upon us! Beginners, take a quick look; missing this wave could lead to significant losses!

Ethereum is currently at a critical juncture, facing fierce competition between bulls and bears. From a technical perspective, the bearish trend is quite evident, with prices being suppressed by the moving average system, struggling within a narrow space. However, some momentum indicators also reveal potential signs of a rebound, but overall risk still leans towards the downside.

On-chain data brings some positive factors. The low inventory on exchanges indicates that there aren't many chips available for sale in the market, and whales buying against the trend also show that there is capital positioning at lower levels, providing some support for Ethereum's price. However, the macro environment is not optimistic. The Bank of Japan's interest rate hikes, unclear Federal Reserve policies, and year-end capital recovery may all reduce market liquidity, negatively impacting Ethereum’s price.

Regarding the future market, there are three possibilities. If the price falls below $2930, it may trigger panic selling, leading to further price drops; if it can break through $2970 and stabilize, there will be an opportunity to challenge the upper resistance zone and boost market confidence; it is also possible to continue oscillating within a narrow range.

Based on the above situation, different investors should adopt different strategies. Short-term traders should strictly control risks; before the price clearly breaks through key levels, it is advisable to remain cautious, operate with light positions, and set stop-loss orders. Medium to long-term investors can focus on Ethereum's fundamentals and ecological development. In the current price range, especially if it drops to $2850 - $2900, they may consider gradually positioning quality assets but should avoid large single investments. At the same time, all investors must remember to reduce leverage, set key stop-losses, and maintain liquidity, which are essential risk control principles. When the market direction is unclear, stay calm and patient, waiting for the market to provide answers before taking action.

At such times, the Yellow Emperor will lead everyone to stealthily position themselves with $ETH, expecting to earn 200 points without issue. Friends who want to seize this great opportunity should gather at 聊天室, guiding you to avoid various pitfalls, disassembling subsequent capital trends at the first moment, and seizing every good opportunity to make money! #加密市场观察