#eth走势分析
#ETH Trend Analysis | Rebound Meets Resistance: Is it a Continuation of the Uptrend or a Return to Consolidation?
Let's update the actual performance of ETH over the past three days:
Thursday (19th): Strong rebound, daily increase of over 5%, reaching a high of $3,015.
Friday (20th): The upward momentum stagnated, with prices hovering around $2,980, failing to stabilize above $3,000.
Saturday (21st): Slight pullback, current price around $2,965, a 24-hour decline of about 1.5%.
The core contradiction in the current market:
Long and short stalemate point: Prices are testing the key support level of $2,900. If it can hold, a continuation of the uptrend platform may be formed; if it fails, a deeper support test may occur.
Upper resistance: The $3,000 - $3,050 area has formed a clear resistance zone, requiring significant volume and buying pressure to break through.
A key on-chain dynamic is that despite the price pullback, the whale addresses on the Ethereum network (holding 10,000 to 1,000,000 ETH) have shown a significant accumulation trend over the past week. This suggests that some large funds may be taking advantage of the pullback to position themselves, contrasting with short-term price fluctuations.
In summary, the short-term rebound momentum of ETH has weakened, and the market is entering a critical stage of contention. The next focus will be whether it can rely on the $2,900 support to move upward again, or if it will continue to adjust.
Additionally, CZ's upcoming key project giggle has made significant moves in the past two days, and the community @Max Charity has been continuously supporting the real-world implementation of giggle. Each step of progress is a solid answer to the proposition of 'value creation'; this action-based narrative itself constitutes a clear upward trajectory. #Max
Poll: How do you think ETH will choose its direction at the beginning of next week?