$ETH Latest Market Analysis 🎁🎁🎁
Currently, ETH is at 2920 USD. In the short term, the rebound is weak and prone to sharp rises and falls. 3000 USD is a strong resistance level, and it's hard to maintain above it. The key support level is between 2850-2900.
Macro-wise, the Federal Reserve hasn't eased up, and the Bank of Japan has raised interest rates, leading to capital outflows that are dragging down the market. Technically, the bears are still dominant, and the rebound lacks volume.
In the medium term, we are still building a bottom; we need to wait for a stable position above 3000 with increased volume to signal stabilization. Long-term, the outlook is positive due to technical upgrades and staking support, but in the short term, don't blindly chase highs.
In terms of operations, if the price rebounds to 2950-3000, consider reducing positions; if it breaks below 2850, just wait and see, and don't take heavy bets on the direction.
Lao Yu has already led fans to position themselves in the market, and we await the results. Additionally, the homepage chat room has more precise market insights waiting for you to unlock.
Strong recovery, asset doubling! Follow Lao Yu closely, position in advance, and easily reap substantial profits.
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